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.
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.
Music, like ownership, moves people. Given that, what can Cherry-Bomb tossing, Authority-fighting musician John Mellencamp teach you about communicating the value of your ESOP? Here are four ownership communication ideas from the Rock and Roll Hall of Fame artist. 1) Tell your story Mellencamp’s lyrics [...]
Joe Motz, like many successful business founders, wanted everyone to benefit more directly from their daily efforts growing the company. “People receive wages and benefits for helping us succeed in the short run,” he commented. “The ESOP provides everyone with an equity stake, rewarding them for their efforts to grow our business in the long run.” Click here to read the full article.
Seeking the next competitive edge ought to be an employee-owner no-brainer, right? Because implementing it will make your company more successful and grow ESOP stock value, benefiting everyone. But, despite decades of research confirming ESOPs with informed, involved employees outperform conventional companies, some employees still [...]
“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.
“An ESOP can be complicated to understand,” says Sondra Campbell, Controller at Omico Plastics in Owensboro, KY. “The large amount of information contained in Annual Participant Statements can also be very confusing. If employee owners don’t understand the benefit and what it means for them personally, they won’t view the ESOP as the tremendous benefit that it is.” This is why she decided to get materials that told the unique Omico Plastics story. Click here to read the full article.
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 [...]