Practical Tips to Engage Employees as Owners
Increase employees’ engagement as owners, drive company success and grow ESOP stock value by adopting these practical communication tips shared during Jim Bado's keynote at the 5th Annual Great Lakes ESOP Conference at Kalahari Resort in Sandusky. 1) Get to the point, stick to the point. Click here to read the full article.
Don’t Let Your Lizard Brain Rule Retirement Planning
Did you know our human brains have the same limbic system that dominates a lizard’s brain activity? Luckily, we also have other lobes that provide higher-level functions. The limbic system is the source of impulses like fight, flight, feeding, fear, freezing up, and falling in love. Certainly, it’s good to have these reactions when we need them, but our “lizard brains” aren’t well-suited for activities like retirement planning and understanding fluctuations in ESOP stock value. Click here to read the full article.
E.S.O.P. in the USA
Music, like ownership, moves people. Given that, what can Cherry-Bomb tossing, Authority-fighting musician John Mellencamp teach you about communicating the value of your ESOP? Here [...]
ESOP Stock Value Lessons from the Cleveland Browns
As leaves turn orange and another NFL season approaches, what can America’s favorite team, the Cleveland Browns (well, ok, my favorite) teach us about ESOP [...]
10 Ideas for Employee Ownership Month
If employee ownership is an important part of your culture, you’ll want to find ways other than the annual statement to bring awareness and focus to your unique ownership structure. Here are 10 ideas Workplace Development, Inc. (WDI) brings you from ESOP-owned businesses nationwide. Click here to read the full article.
Your Unique ESOP Rollout: It’s all in the Details
Joe Motz, like many successful business founders, wanted everyone to benefit more directly from their daily efforts growing the company. “People receive wages and benefits for helping us succeed in the short run,” he commented. “The ESOP provides everyone with an equity stake, rewarding them for their efforts to grow our business in the long run.” Click here to read the full article.
The Art of Ownership
Do It Yourself Sailboat, 1962 “Being good in business is the most fascinating kind of art. Making money is art and good business [...]
Avoid the Deadly Sins of ESOP Committees
An old African proverb states, “a wise man does not jump into the water with two feet.” Unfortunately, when it comes to starting an ESOP [...]
Just Say Yes to Yourself and Your Company’s Ownership Culture
It started with the cell-phone call. “Hey dad,” said my daughter, Emory, “you want to run a half marathon with me?” No, absolutely not, screeched [...]
Employee Owner Roles & Responsibilities WTF
As a busy person constantly on the go, you make assumptions about all kinds of things, every day. In fact, you just made one about [...]
Five Keys to Engaging Employees as Owners
Because unlocking the door to greater employee engagement is critical to your ESOP’s success, here are five communication keys you turn to open it. 1) Answer the "why" to create an ownership foundation. There are many different types of ESOP companies, styles of leadership, methods of sharing information and tools for engaging employees. Bottom line: No matter the company, people want to know the “why." Why should I care? Why would I want to be engaged? Click here to read the full article.
ESOP Advocates Energize Ownership Culture
When a company transitions from being traditionally owned to employee-owned, it’s perfectly normal to run into some resistance, skepticism and confusion among employees at every level. And that can make it more of a challenge to develop an ownership culture and mindset. Hydraulic Controls, Inc., (HCI) encountered this very scenario after becoming a 100% ESOP in 2009. Through several subsequent acquisitions, HCI, headquartered in Emeryville, Calif., has now grown to 13 branch locations scattered across several western states. While corporate growth is a good thing, the executive team realized its employee-ownership culture wasn’t being tended to. Click here to read the full article.
