In June 2018, the Bureau of Labor Statistics announced that U.S. companies added 233,000 jobs, extending the economy’s monthly job-creation streak to almost eight straight years. Given it’s getting harder to find and keep excellent employees, are you making the most of your company’s unique recruitment and retention edge: employee ownership? Click here to view the full article.
No employee-owner has ever been arrested for committing a communication crime, but maybe we ought to start issuing some citations. Because poor communication can lead to dissatisfied customers, frustrated co-workers, bad business decisions and, ultimately, a lower ESOP stock value. And that’s a crime. There is hope . . .Click here to view the full article.
How do you speed up the transition to engaged employee owners taking on more responsibilities in a founder-managed ESOP company? This was a question that Kelly McDole, founding CEO of Delta Managed Solutions (DMS) in Sacramento, needed to answer quickly in 2015. “I didn’t have the freedom to go slowly at this because of my health,” says McDole. “I was sick, and at the time it looked like I was getting sicker. I had to face the possibility that I may not be able to come into work in six months or a year.” Click here to view the full article.
It’s time to fill out your March Madness bracket. While we can offer no assistance on the NCAA Tournament (our brackets will be ruined at the end of day one, too) we can help you with another important event: your annual ESOP statement distribution process. Here’s six suggestions . . .Click here to view the full article.
Been there, done that with your annual ESOP meeting? Looking for a new way to convey your critically important ownership message? Add new energy to your communications with one of Workplace Development’s field-tested, ESOP-focused presentations. Working with your leadership or ESOP committee . . .Click here to view the full article.
Want a practical way to communicate your ESOP’s powerful benefits without having meetings or training in person? A custom on-demand education program-- like PenLink’s Certified Employee Shareholder Series – can be just what you need. “We used to talk about our ESOP one time a year at our annual meeting and that just wasn’t enough,” explains Melissa Price, Director of Human Resources at PenLink. Click here to read the full article.
If you asked three people at your company what their roles are as employee owners, what answers would you hear? More importantly, would the responses be the same or even similar? At some ESOP firms, the answer to the last question is no. That's because defining employee owners’ roles and responsibilities is an ongoing challenge. Click here to read the full article
With unemployment at the lowest levels in sixteen years, it’s no secret that it’s getting harder to recruit and retain talented employees. Are you making the most of your ownership advantage? To deploy your ESOP as a recruiting and retention tool, integrate these three practical ideas into your written, electronic, video, and face-to-face communications. Click here to read the full article.
Is your ESOP Committee stuck in neutral? Are your company’s Committee members struggling to engage employees as owners or make the most of October’s ESOP Month? If that’s happening – and it does, even for the most successful teams – it’s time for you to “hit the reset button”. Explore practical ways to “unstick” your ESOP Committee in this article. Click here to read the full article.
“We’ve changed it up quite a bit over the years,” says Renny Ross, HR Manager at D-C Elevator Company, Inc. “When we started doing them, ten years ago, we really needed to cover the nuts and bolts and the basics. We wanted people to understand how paying down debt mattered for our success.” These days the company’s ESOP communication needs are different but Ross says that the in-person annual meetings are still an extremely important part of connecting with ESOP participants. Click here to read the full article.
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