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Capturing the attention of a new generation of employees at Bayer Construction

2022-07-08T15:09:52+00:00July 1, 2022|Articles, Featured|

When long-term employees know the tremendous value of the ESOP but your newer employees are unaware, the standard ESOP 101 presentation at the annual meeting is not enough. Bayer Construction Company decided to reach out to its people with a custom, interactive training that would make it easier to get people talking about the company’s unique and valuable ownership structure.

Plan Design to Build Your Ownership Culture: Entry Dates

2022-07-06T19:49:11+00:00July 1, 2022|Featured, Articles|

Plan design decisions are sometimes made with little consideration of how the choices will look to employees and affect their perceptions of the ESOP’s value. However ESOP’s rules can be modified to make your plan a more effective tool to recruit and retain employees and to foster an ownership culture. Today’s topic: plan entry rules.

Listening to suggestions: It’s harder than we think

2022-05-06T14:25:36+00:00May 5, 2022|Featured, Articles|

Receiving feedback can be a powerful tool for improving yourself, your business and ESOP stock value. But, when done incorrectly, it can be powerfully destructive. Here are some practical lessons for any employee owner from my real-world experience struggling to receive feedback on my personal project: the first employee-ownership comic book tale, Mitchell’s War.

Bringing New Employee Owners into Your Ownership Culture

2022-02-25T13:45:51+00:00February 25, 2022|Articles, Communicating ESOP Benefits, Featured, New ESOPs|

The challenge of building a successful ownership culture grows exponentially when an employee-owned company acquires another business. So how does an ESOP company address these issues when its core business strategy is acquiring other businesses? Empowered Ventures (EV) sees adding new companies and employee owners to its growing family of businesses as more of an opportunity than a challenge.

Roll out your ESOP right

2022-02-25T13:46:15+00:00February 25, 2022|Articles, Communicating ESOP Benefits, Featured, New ESOPs|

Congratulations, your company just put in an ESOP! Your executive leadership team is ecstatic. You have spent months, or maybe years, learning the technical details, thinking about the benefits and dreaming of the wealth-building possibilities for all employee owners. Now is your chance to tell your employees and your business contacts all about it. How are you going to communicate it? Your enthusiasm for the ESOP may not be as contagious as you might think. It takes work.

Be ESOP SMART in 2022

2021-12-03T17:04:45+00:00December 3, 2021|Articles, Featured|

With 2021 almost over, it’s time to plan for 2022. Make the most of employee ownership by integrating SMART goals into your 2022 ownership culture and communication planning process. SMART goals are: S = Specific, M = Measurable, A = Attainable, R = Relevant , T = Time based. You can utilize SMART to create a clear ownership communications plan, execute the plan and evaluate your effort. 

Safety Game Gets Employees Thinking at BSC Ventures’ Annual Meeting

2021-12-03T17:04:21+00:00December 3, 2021|Articles, Featured, Skills for ESOP ownership, Skills for ESOP Ownership|

Do employees at your company roll the dice on safety sometimes? We all probably do, often without even thinking about it. Facing that challenge, BSC Ventures, a custom envelope manufacturer, had a new request for their ESOP annual meeting: let’s play a game that teaches our employee owners how important workplace safety is for all of us, our company and for driving ESOP stock value. That’s how the Workplace Development’s Safety Game was born! 

Hands-on ESOP Education at Software Solutions and Onex

2021-08-27T16:22:53+00:00August 26, 2021|Articles, Building Business Literacy, Featured, Skills for ESOP Ownership|

Experience is a powerful teacher. You don’t get a driver’s license just by reading about how to drive a car; you must practice driving the car, too! That’s why understanding your ESOP doesn’t end with one-way communication of the plan rules. In Workplace Development’s ESOP Game, employee owners dive into a business simulation where they actually feel what it’s like to make tough business decisions because they make them. They see the impact of their decisions and what influences the stock value in their ESOP accounts over the course of several years.  Software Solutions Inc. and Onex Inc. said the ESOP Game brought ESOP concepts to life for their employees.

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