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April 17, 2023 05:00 AM

MTD Micro Molding a small company with big personality

No. 1 Processor - Best Places to Work 2023

Jordan Vitick
Special Projects Editor
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    MTD Micro Molding is a small company with a big personality. The precision micromolder in Charlton, Mass., celebrates retirements by inviting the employee's entire family — "whether it is 10 family members or 40," it said — to a special dinner and offering a free vacation for two people to any destination, covered by the company.

    Employee appreciation days are complete with profit-sharing announcements, New England lobster bakes, lawn games and more. Company outings and field trips include baseball games, golf tournaments, barbecues, on-site yoga and ice cream trucks. Business shuts down in the summer for one week with paid time off; employees do not need to use their own vacation days.

    MTD also has its own currency called MTD Bucks, where employees can purchase merchandise through an online store, such as T-shirts, backpacks, jackets and hats. Everyone receives 50 MTD Bucks a year, and new employees are given 100 MTD Bucks.

    The company hosted its first Dennis Tully Memorial Golf Tournament, in honor of MTD's late president, in September 2022 and raised more than $10,000 for a local charity.

    "Being a global leader in a medical micromolding industry, MTD focuses on investing in innovation and utilizing unique expertise to manufacture their customer's most critical components," MTD said. "Employees come to work ready to embrace new challenges as a team and look forward to company events where they can play as a team, too."

    Best Places to Work 2023: Find and read about more of our winners here

    Category: Processor
    Rank: 1
    Company: MTD Micro Molding
    HQ: Charlton, Mass.
    Number of employees: N/A
    Website: mtdmicromolding.com
    Previous years on the list: 2022, 2021, 2020, 2019, 2018
    Highest-ranking official: Owner Darlene Tully
    Employee breakdown: 61% male, 39% female
    Executive team breakdown: 50% male, 50% female
    Number of paid holidays offered per year: 13
    Percent of premium employer pays for individual employee — medical: 75%-99%
    Percent of premium employer pays for individual employee — dental: Not offered
    Percent of premium employer pays for individual employee — vision: Not offered
    Employee eligible to enroll in the organization’s health care plan: 30 days after hire
    Employee eligible to begin contributing to their retirement plan: One year after date of hire
    Employees who refer new hires receive bonuses: Yes
    Paid time off for community service activities/volunteer work: No
    Workplace facilities to promote exercise and fitness: Yes
    Fitness and/or wellness programs/practices within the workplace: Yes
    Special services and/or accommodations for active duty military families: Yes
    Employee performance reviews frequency: Once per year
    Regularly scheduled meetings with high-ranking official frequency: At least monthly
    Activities to relieve stress and promote fun: Yes
    Formal employee recognition and/or appreciation programs: Yes
    Formal programs to recruit/retain employees of varying ethnic/cultural backgrounds: No
    Formal programs to recruit/retain employees who may require accommodations for mental/physical limitations: No
    Formal programs to recruit/retain an aging workforce: No
    Formal programs to recruit/retain veterans and retired military: No
    Formal employee career development and/or job advancement programs: Yes
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