Fivestars, a San Francisco-based technology company, is setting up shop in El Paso.
The City Council on Tuesday unanimously approved about $130,000 in incentives for the company over a five-year period to open its office in Downtown El Paso.
Fivestars provides customer loyalty-rewards programs for about 12,000 small businesses across the country, according to the company.
The customer service technology company is set to hire more than 50 employees over the next three months. The office will open at the Chase Tower building, officials said.
Is a customer service technology company a call center? Or what’s the difference?
Officials said the company will pay an average wage of $40,450 and will retain a minimum of 90 percent of its employees annually.
“Officials” said the company will pay an average wage of $40,450.
Gee, what a great deal. Can I get that in writing?
According to the written agreement:
The Applicant’s eligibility to receive any Grant Payments from the City shall be determined
pursuant to and in accordance with 90% of Applicant’s Full Time employees earning at or above
the Median County Wage of $13.11 per hour and the retention of at least 90% or 46 of its
employees each year for the 5 years this agreement is in place.
$13.11 times 40 hours a week times 52 weeks equals $27268.80. $40,450 works out to be about $19.50 an hour.
Well, it’s better than a poke in the eye.