Clearly, the public markets are taking a wild ride. Employee owners are wondering how the COVID-19 virus might impact ESOP value. Unfortunately company leaders don’t really know exactly what’s on the other side of the next hill. Believe it or not, this “rollercoaster of uncertainty” creates an opportunity to focus employees on thinking like business owners.
If you are committed to building a workplace where employees think and act like owners, you know that apathy can rule. In uncertain times, people are paying attention. Now is a good time to focus energy on things employees can control and avoid focusing on things they can’t control. What better time to learn about the ups and downs of business and develop more resilience — an important part of an engaged employee ownership mindset.
Even when leaders don’t know the full answer to business questions, it is a great time to refocus on the basics of what you believe drives success in your company. A modest investment in business education and ESOP awareness now – when people are focused on big picture financial issues – can build the foundation of shared understanding that is essential to deepen your culture of ownership. Below are a few of the services that Workplace Development Inc. (WDI) provides clients to enhance the development of business literacy among ESOP participants while maintaining the safety of social distancing.
Create remote tools to communicate what drives ESOP rewards
We provide custom tools — electronic communication, email updates, remote business education, virtual annual meetings, videos or print resources. We are committed to helping you “tell your unique business story.” Click here for one example of WDI’s remote ESOP & business education services.
Connect job actions to the long-term picture of success
Our ESOP Communication Plan Development will map out a strategy for business education from the job-level up. We help you to make your critical measures come alive through business education, stock value awareness, and a systematic approach to sharing relevant information about performance.
Call Cathy Ivancic at 330-896-7285 ext. 101 or email her at civancic@workplacedevelopment.com for more information about our ESOP and business-education services.
