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.
Unleash 1 Percent Employee-Ownership Power
Seeking the next competitive edge ought to be an employee-owner no-brainer, right? Because implementing it will make your company more successful and grow ESOP stock [...]
Team Focus On “When Do I Get My ESOP Money?”
“If I retire, then the payments begin in the year after?” one ESOP Communication Committee member asks for clarification. “Tell me again, now, what's retirement age,” another member chimes in. Does this sound familiar? Is it a bad sign when the dominant theme of your interactions with participants or your ESOP committee is all about cashing out? When employee owners are spending energy thinking about their exit, they aren’t developing “ownership thinking” or focusing on actions that build value. How should you interpret it when people keep asking about cashing out? Click here to read the full article.
Ownerfest Builds ESOP Culture and Connection
If there’s one thing that captures the concept of employee ownership it’s connection. Connection to each other, both in day-to-day interactions and as people. Connection to the company, and the pride and responsibility. And onnection of one’s own individual efforts to the broader shared success of the company. How do you foster such connection? Click here to read the full article.
Explaining ESOP Stock Value in Volatile Times
Anytime the public market goes on a roller coaster ride as it did in late 2018, it can cause quite a bit of uncertainty and anxiety for employees who are invested in stocks or equity funds as part of their 401(k) and other retirement accounts. So, naturally, your employees may be wondering how it all impacts their ESOP accounts.
Click here to read the full article.
Custom Materials Connect Employees to Your ESOP Story
“An ESOP can be complicated to understand,” says Sondra Campbell, Controller at Omico Plastics in Owensboro, KY. “The large amount of information contained in Annual Participant Statements can also be very confusing. If employee owners don’t understand the benefit and what it means for them personally, they won’t view the ESOP as the tremendous benefit that it is.” This is why she decided to get materials that told the unique Omico Plastics story. Click here to read the full article.
