Communicating ESOP Benefits

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.

Employee ownership, done right, inspires confidence in the future

2022-12-13T20:33:13+00:00July 20, 2021|Articles, Communicating ESOP Benefits|

“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.

Preserving Human Connections at Equity Engineering Group

2021-04-01T02:10:58+00:00March 31, 2021|Articles, Communicating ESOP Benefits, Featured, Skills for ESOP Ownership|

“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.”

Transforming Employees into “CEOs”

2021-04-01T01:39:20+00:00March 31, 2021|Articles, Communicating ESOP Benefits, Featured, New ESOPs|

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.

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