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.
Avoid a cultural swan song, grab the “ownership microphone” and sing along with these bands to develop your company’s culture, define employees’ roles as owners and drive ESOP stock value. One Direction Do you know where you’re headed in building your ownership culture? In other [...]
Did you know our human brains have the same limbic system that dominates a lizard’s brain activity? Luckily, we also have other lobes that provide higher-level functions. The limbic system is the source of impulses like fight, flight, feeding, fear, freezing up, and falling in love. Certainly, it’s good to have these reactions when we need them, but our “lizard brains” aren’t well-suited for activities like retirement planning and understanding fluctuations in ESOP stock value. Click here to read the full article.
If employee ownership is an important part of your culture, you’ll want to find ways other than the annual statement to bring awareness and focus to your unique ownership structure. Here are 10 ideas Workplace Development, Inc. (WDI) brings you from ESOP-owned businesses nationwide. Click here to read the full article.
As a busy person constantly on the go, you make assumptions about all kinds of things, every day. In fact, you just made one about this article. Do me a favor, park your assumption for a moment and instead ask a question: why would I [...]
When a company transitions from being traditionally owned to employee-owned, it’s perfectly normal to run into some resistance, skepticism and confusion among employees at every level. And that can make it more of a challenge to develop an ownership culture and mindset. Hydraulic Controls, Inc., (HCI) encountered this very scenario after becoming a 100% ESOP in 2009. Through several subsequent acquisitions, HCI, headquartered in Emeryville, Calif., has now grown to 13 branch locations scattered across several western states. While corporate growth is a good thing, the executive team realized its employee-ownership culture wasn’t being tended to. Click here to read the full article.
“If I retire, then the payments begin in the year after?” one ESOP Communication Committee member asks for clarification. “Tell me again, now, what's retirement age,” another member chimes in. Does this sound familiar? Is it a bad sign when the dominant theme of your interactions with participants or your ESOP committee is all about cashing out? When employee owners are spending energy thinking about their exit, they aren’t developing “ownership thinking” or focusing on actions that build value. How should you interpret it when people keep asking about cashing out? Click here to read the full article.
If there’s one thing that captures the concept of employee ownership it’s connection. Connection to each other, both in day-to-day interactions and as people. Connection to the company, and the pride and responsibility. And onnection of one’s own individual efforts to the broader shared success of the company. How do you foster such connection? Click here to read the full article.