Every October, employee-owned companies, service providers and employee-ownership organizations celebrate Employee Ownership Month nationwide. It has both internal and external benefits for ESOP-owned companies. As the ESOP Association puts it, “This is a terrific celebration of the spirit of employee ownership, and an invaluable opportunity [...]
No employee-owner has ever been arrested for committing a communication crime, but maybe we ought to start issuing some citations. Because poor communication can lead to dissatisfied customers, frustrated co-workers, bad business decisions and, ultimately, a lower ESOP stock value. And that’s a crime. There is hope . . .Click here to view the full article.
If you asked three people at your company what their roles are as employee owners, what answers would you hear? More importantly, would the responses be the same or even similar? At some ESOP firms, the answer to the last question is no. That's because defining employee owners’ roles and responsibilities is an ongoing challenge. Click here to read the full article
Is your ESOP Committee stuck in neutral? Are your company’s Committee members struggling to engage employees as owners or make the most of October’s ESOP Month? If that’s happening – and it does, even for the most successful teams – it’s time for you to “hit the reset button”. Explore practical ways to “unstick” your ESOP Committee in this article. Click here to read the full article.
“We’ve changed it up quite a bit over the years,” says Renny Ross, HR Manager at D-C Elevator Company, Inc. “When we started doing them, ten years ago, we really needed to cover the nuts and bolts and the basics. We wanted people to understand how paying down debt mattered for our success.” These days the company’s ESOP communication needs are different but Ross says that the in-person annual meetings are still an extremely important part of connecting with ESOP participants. Click here to read the full article.
“We created the ESOP to attract and, more importantly, retain talent so that we can meet the ongoing needs of our clients. By running part of our annual communication by webinar, we were able to connect with our professionals who work at client sites in 18 different states and 11 countries,” explains Dolores Connolly, CEO of Sterling Engineering. Click here to read the full text of the article.
This month the creators of the Pokémon Go smartphone game inspired millions of people all over the world to hunt for imaginary creatures and treasure. Given their success, Employee Stock Ownership Plan (ESOP) leaders and communication committees with multiple locations may want to consider how the game creators were able to generate engagement and excitement even though none of the users share a geographic location. Click here to read the full article.
The ESOP Communication Committee at Robin Industries started their first year with a bang! Sometimes ESOP committees struggle for years to get activities going. What’s the secret to getting a committee launched with energy and purpose? It is not one secret but instead a combination of factors. Click here to read the full article.
Somewhere deep in the jungle of ESOP knowledge, beyond the lines of IRS code sections and outside the confines of the mysterious “private letter rulings”, lie the secrets of building a successful ESOP Committee. If you have already started an ESOP Committee you can rescue it. If you are thinking about starting one, these points will help you to harness your enthusiasm and plan the committee’s development to avoid the pitfalls that bedevil many ESOP Committees. Click Here to read the entire article.
Is it time to hit the “refresh button” when it comes to distributing your annual ESOP statements? Are you looking for a new way to convey your critically important ownership message? Re-energize the required routine and add a splash of ownership energy to your communications. Click Here to read the entire article.