“A tale of two economies.” That’s the story a recent study reveals about how ESOP participants see their financial stability compared to those who work at non-ESOP firms. The research conducted by John Zogby Strategies found fewer economic hardships reported by employees who work in ESOP companies compared to those who work in non-ESOP companies. Employee owners are more confident about their financial future.
Is it time to start thinking about how to bring some new energy to your company for ESOP month? Are you looking for a new way to convey your critically important ownership message? In October ESOP-owned businesses across the United States celebrate Employee Ownership Month.
“It looked like we were going to kick off a year of talking about our company's core beliefs," says Theresa Riley HR Director for Equity Engineering Group. And then, the pandemic hit. Any hope for face-to-face conversations were dashed. “We had a new reality in which employees would have to transition to nearly 100% remote work.”
Attend an employee-ownership conference and you’re bound to run into the ESOP zealots who want you to take part in a game or group activity. Even in this era of required social distancing, you may get roped into an interactive Teams event or a Zoom contest. What’s up with this? Click here to read the full article.
October’s Employee-Ownership Month presents you with a great opportunity to make the most of your most valuable assets: employee owners. Because the coronavirus has made it difficult to hold in-person meetings, this is the time to utilize our virtual services to train employees about your ESOP’s benefits, build your ownership culture and communicate the value of employee ownership. Click here to read the full article.
The coronavirus has disrupted American society, business operations and everyone’s personal lives in unimagined ways. This is when you need to seize the day and utilize the power of employee ownership to strengthen your company culture to engage employees as owners -- taking on new challenges with passion and a long-term perspective on business success. Here are five carpe diem keys. Click here to read the full article.
If you’re experiencing the equivalent of organizational trauma or even just a bit of discomfort change, you may have come face to face with the fact that business resilience does not come automatically with employee ownership. “Like building a muscle, increasing resilience takes time and intentionality.” Click here to read the full article.
Think about how you distributed ESOP statements last year. Perhaps you held a meeting, sent them by mail, or personally delivered them with high fives and hearty handshakes. Although the face-to-face options may not be possible this year, the need for connection is so much greater now. This is the right time to strengthen your messages about employee ownership and develop different communication approaches for your “new normal.” Click here to read the full article.
Public markets are taking a wild ride and employee owners are curious how the COVID-19 crisis might impact ESOP value. Of course, company leaders don't really know exactly what's on the other side of the next hill. Believe it or not, this "rollercoaster of uncertainty" creates an opportunity to focus employee owners on their business. If you are committed to building a workplace where employees can think and act like owners, you know that apathy can rule.Click here to read the full article.