“A tale of two economies.” That’s the story a recent study reveals about how ESOP participants see their financial stability compared to those who work at non-ESOP firms. The research conducted by John Zogby Strategies found fewer economic hardships reported by employees who work in ESOP companies compared to those who work in non-ESOP companies. Employee owners are more confident about their financial future.
“It looked like we were going to kick off a year of talking about our company's core beliefs," says Theresa Riley HR Director for Equity Engineering Group. And then, the pandemic hit. Any hope for face-to-face conversations were dashed. “We had a new reality in which employees would have to transition to nearly 100% remote work.”
Are you communicating and training effectively to make the most of being employee-owned? MyPath faced the challenge of educating more than 2,000 employee owners spread across two states in nine different companies about what it means to be an owner. The human services company’s innovative, successful solution: the creation of a Certified Employee Owner (CEO) education program.
Since March, in-person ESOP meetings have been difficult to conduct. Given the current situation, here are two strategies ESOP companies have used successfully with Workplace Development’s help to engage employees as owners. Click here to read the full article.
Expand business knowledge, learn about the ESOP, and have fun together. These were the goals when Delta Managed Solutions (DMS) scheduled the ESOP Game Business Simulation training. Click here to read the full article.
Attend an employee-ownership conference and you’re bound to run into the ESOP zealots who want you to take part in a game or group activity. Even in this era of required social distancing, you may get roped into an interactive Teams event or a Zoom contest. What’s up with this? Click here to read the full article.
October’s Employee-Ownership Month presents you with a great opportunity to make the most of your most valuable assets: employee owners. Because the coronavirus has made it difficult to hold in-person meetings, this is the time to utilize our virtual services to train employees about your ESOP’s benefits, build your ownership culture and communicate the value of employee ownership. Click here to read the full article.
The coronavirus has disrupted American society, business operations and everyone’s personal lives in unimagined ways. This is when you need to seize the day and utilize the power of employee ownership to strengthen your company culture to engage employees as owners -- taking on new challenges with passion and a long-term perspective on business success. Here are five carpe diem keys. Click here to read the full article.
If you’re experiencing the equivalent of organizational trauma or even just a bit of discomfort change, you may have come face to face with the fact that business resilience does not come automatically with employee ownership. “Like building a muscle, increasing resilience takes time and intentionality.” Click here to read the full article.
Think about how you distributed ESOP statements last year. Perhaps you held a meeting, sent them by mail, or personally delivered them with high fives and hearty handshakes. Although the face-to-face options may not be possible this year, the need for connection is so much greater now. This is the right time to strengthen your messages about employee ownership and develop different communication approaches for your “new normal.” Click here to read the full article.
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