Experience is a powerful teacher. You don’t get a driver’s license just by reading about how to drive a car; you must practice driving the car, too! That’s why understanding your ESOP doesn’t end with one-way communication of the plan rules. In Workplace Development’s ESOP Game, employee owners dive into a business simulation where they actually feel what it’s like to make tough business decisions because they make them. They see the impact of their decisions and what influences the stock value in their ESOP accounts over the course of several years. Software Solutions Inc. and Onex Inc. said the ESOP Game brought ESOP concepts to life for their employees.
Does everyday work really impact company stock value? Absolutely! But sometimes it is hard to see. That’s why MKSK, a planning, urban design and landscape architecture firm, sought a way to help its employee owners learn how everyday actions contribute to value during their annual meeting in 2021. MKSK became 100% employee-owned in September 2019. Workplace Development’s Power of One Dollar learning activity was the perfect fit to illustrate to new employee owners how everyday actions add up.
“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.”
Let’s put the negative onslaught of 2020 in the rearview mirror and have some fun discussing what Marvel’s Avengers can teach us about employee ownership. Captain America: Resilience Captain America was frozen in a block of ice for 65 years before being revived. Talk about [...]
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.
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 [...]
As leaves turn orange and another NFL season approaches, what can America’s favorite team, the Cleveland Browns (well, ok, my favorite) teach us about ESOP stock value drivers? After all, many of us love our favorite teams, and sports metaphors can be great employee-ownership training [...]
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 [...]