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.
What is Employee Ownership Month?
Every October, employee-owned companies, service providers and employee-ownership organizations celebrate Employee Ownership Month nationwide. It has both internal and external benefits for ESOP-owned companies. As [...]
Your Recruitment and Retention Edge: Employee Ownership
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.
LeBron James: The Ownership Solution
The question: how do the Cavaliers keep superstar free agent LeBron James in Cleveland? The answer: ownership (James has expressed an interest both in being [...]
ESOP Thieves, Stop the Communication Crimes
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.
Engaging Employee Owners at Delta Managed Solutions
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.
Hey Employee Owner, Do You Know Your Role and Responsibilities?
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 [...]
Play ESOP Bracketology to Win the Game of Ownership
No one would propose you watch the NCAA Tournament without understanding basketball’s rules. The same holds true for your ESOP: knowing the plan’s rules builds [...]
March ESOP Madness: Plan for Statement Communication
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.
Re-energize Your ESOP Annual Meeting
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.
On-Demand ESOP Education Connects The Dots At PenLink
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.
Hey, Employee Owner: Do You Know Your Role and Responsibilities?
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
