| Cooper City, FL., July 6, 2008 — Living in Boynton Beach, Anthony
Morgia travels 50 miles each way for his job at STS Telecom in Cooper City.
Morgia estimates he spent between $600 and $700 a month on gasoline.
That changed this month, thanks to an innovative new benefit introduced
by the company.
STS Telecom started shouldering some of the gas-price burden for its
employees. Morgia says his gas bill could be cut by half.
''It is going to help tremendously,'' said Morgia, a corporate trainer
with the company.
STS Telecom found a way, ineffect, to roll back prices for its staff
of about 70 to 2006, when gas averaged $2 a gallon.
While employees still have to fill their tanks with gas topping $4 a
gallon, they'll see a big difference in their paychecks. The company will
reimburse them $2 per gallon for the miles driven on their daily commute.
''Our employees have come through for us, and in these challenging financial
times, we needed to come through for them,'' CEO Mark Amarant said.
Established in 1994 as a Florida-based long-distance provider, STS Telecom
is a nationwide VoIP, or Voice-over-Internet Protocol, provider that has
grown to a $22 million-a-year enterprise.
Amarant said the company knows its employees played a key role in its
growth, and it didn't want to see them having to make a choice between
paying for gas to get to work and feeding their families.
''We didn't want it to get to the point where people had to make that
decision,'' said Amarant, whose work commute is only a mile each way.
To make it equitable, the company figured out each employee's round-trip
work mileage.
Using a standard of 20 miles to the gallon, for 21 work days each month,
the company then computed each employee's cost to come to the office.
''No matter if they live five or 50 miles away, they're getting exactly
what it costs to get to work,'' Amarant said.
Executive assistant Caryn Roldan said the rebate will come in handy
because she drives 20 miles each way between Cooper City and Tamarac.
She thinks her employer is showing a heart during tough economic times.
''Where other companies are doing layoffs, our company is helping us out,''
she said.
Amarant estimates the perk will cost STS Telecom $50,000 annually, and
the company plans to reevaluate it at the end of the year.
The firm kicked off the program by giving employees $25 gas gift cards
and is also including 25 percent extra to cover any taxes the gas rebate
might incur.
''This was something we just had to do,'' Amarant said.
For information about STS Telecom, visit www.ststelecom.com.
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