Do It Yourself Sailboat, 1962 “Being good in business is the most fascinating kind of art. Making money is art and good business is the best art.” Andy Warhol Striding off the elevator onto the concrete seventh floor of Pittsburgh’s Warhol Museum (the [...]
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.
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.
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 an NBA team owner and staying in Cleveland). So, what’s stopping Cleveland Cavaliers’ owner Dan Gilbert from making this happen? [...]
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.
“Eat your vegetables and you can have dessert.” The purpose of this well-known incentive is pretty clear. The incentive, or bribe, inspires short-term compliance but it does not engender any internal motivation or understanding about the big picture. Is this how short-term financial incentives, bonus programs, and recognition are supposed to work in an ESOP-owned company? Is it about compliance or should it be something different? Click Here to read the entire article.
Making the connection between employees’ daily activities, company success and ESOP stock value with America’s favorite football team, the Cleveland Browns (ok, maybe not America’s favorite, but they’re mine) might sound crazy, but that’s exactly what Brian Bornino of GBQ and I did during last [...]
Tired of lecture-style presentations about your ESOP? Looking for a hands-on, interactive tool to educate your company’s employees? Workplace Development’s team-based, engaging, fun ESOP game is your answer. The ESOP Game is an interactive, ESOP company business simulation where participants experience the challenges of managing a simulated ESOP company. Click Here to read the entire article.
What’s the number one employee complaint about their companies (after poor communication): lack of feedback. People perform their jobs day in and day out and rarely hear how they’re doing: it’s as if their performance is being sucked into a black hole. If you’re working [...]
An ESOP-owned business I work with is thinking through the qualities they should look for in a new financial manager. Our business education and coaching do a great job of helping people understand how their work is connected to performance. It becomes meaningful for performance [...]