Employee Ownership

/Tag: Employee Ownership

Three Things That Will Boost Employee Engagement

A grade of 15 percent isn’t close to passing in any classroom. If a wise teacher saw that figure, he would take swift action to understand the student’s problem. The same should hold true for both employees and employers when they hear global employee engagement rates are hovering at 15 percent , per Gallup’s research. Or that a

A better way to share the wealth

Many Washington conversations about inequality focus on income. The amount of money that American workers and families make is indeed important for their economic security—on average, wages and salaries account for nearly 80% of income for U.S. households. The income inequality and wage stagnation that have persisted for decades certainly pose threats to the health of

New Cleveland Fund Will Acquire Businesses and Sell Them Back to Workers

Tameka Thomas had returned to society after a five-year prison sentence, and a month after her release, she landed a job with Evergreen Cooperatives in Cleveland with help from a re-entry transition program. “I thought it was going to be really, really hard to find employment when I came home,” Tameka Thomas says. “I am so thankful

Opinion: Employee Ownership and The Promise of Quality Jobs

In October the official United States unemployment rate dropped to 3.7 percent, which represents a 49-year low.  And yet, according to a recent Harris Poll, nearly 80 percent of American workers report living paycheck-to-paycheck, with little in the way of savings to handle any financial emergency. Compounding the problem (figuratively and literally), more than 70 percent of workers are

Get the Most Out of Employee Stock Options

Over the years, employee stock options have become an increasingly common way to recruit higher-ranking employees and give them a sense of ownership in a company. According to the National Center for Employee Ownership, the number of workers holding options has grown nine-fold since the late 1980s. Indeed, stock options, which give you the right

Employee Ownership

The world seems to agree that employee ownership is beneficial to business. Any idea that may unite the philosophy of Margaret Thatcher, the Shadow Chancellor John McDonnell and academic researchers must be worth consideration. In the UK the idea has taken many forms. In addition to the confiscatory plans launched at the Labour Party Conference,

Companies, Employees Share Benefits of Strong Performance

The results of this year's Economic Performance Survey (EPS) show that, once again, companies belonging to The ESOP Association have experienced positive corporate performance. Just as importantly, the EPS once again shows that when companies perform well, employee owners share in the rewards. This year, new data reveal a new facet of how ESOP (employee

How This Third-Generation Family Business Has Minted 70 Millionaires

If you've driven through Upstate New York or Vermont, there's a decent chance you've stopped at a convenience store with a brick-red-and-white cursive logo whose distinctly '50s vibe brings a little ice cream parlor nostalgia. Inside, there's the standard convenience-store fare, chips and sodas, but there's also usually an ice cream counter. This would be one

When Sears Flourished, So Did Workers. At Amazon, It’s More Complicated.

Half a century ago, a typical Sears salesman could walk out of the store at retirement with a nest egg worth well over a million in today’s dollars, feathered with company stock. A warehouse worker hired now at Amazon who stays until retirement would leave with a fraction of that. Much as Sears has declined

BSA named a Certified ESOP

BSA, a national integrated design firm, has been named a Certified ESOP by Certified EO, a certification program for employee-owned companies. Founded in 1975, BSA has always been owned by employee shareholders, but it opened ownership to all employees earlier this year when it launched its first-ever Employee Stock Ownership Plan (ESOP). "Becoming an ESOP

Coeur d’Alene construction company converts to employee ownership

Rick Carlson and his wife, Shelley, started Inland Waterproofing Services Inc. at their kitchen table and grew the specialty construction company into a business with large commercial accounts. When Boeing built its 40-58 777X composite wing factory in Everett, the Coeur d’Alene company waterproofed 2 miles of tunnels underneath the facility. The company also waterproofed foundations for

A Boost for the Worker-Owned Economy

Business owners looking to sell their companies to their employees just got a helping hand from the federal government. It’s the first such measure that’s passed Congress in more than 20 years. Tucked into the omnibus National Defense Authorization Act signed by President Trump in August 2018 was language directing the U.S. Small Business Administration

Employee Ownership & ESOPs: Why Small Business Owners Need To Pay Attention

In 2011, the baby boomer generation began turning 65. With the majority of businesses in the nation owned by persons over the age of 45, the number of business owners looking to retire in the next 15 years could place over $10 trillion in assets for sale. In California alone, over 12 million businesses will

Davey Tree, Buehler’s Fresh Foods rank among top 100 employee-owned companies

The Davey Tree Expert Company in Kent is now the 12th largest employee-owned company in the United States — moving up one spot from 2017 — according to the National Center for Employee Ownership. Davey, which employs more than 9,500 people, has been employee-owned since 1979. Wooster-based Buehler’s Fresh Foods, which became an employee-owned company

John Lewis department store cuts 270 jobs as it rebrands

The department store chain John Lewis is axing 270 jobs, just as it changes its name to “John Lewis & Partners” to highlight it is owned by its employees. The blow to staff came as its upmarket rival Fenwick confirmed plans to shed 408 jobs as part of a shake-up at the 136-year-old family business where profits

Employee ownership can be a successful alternative to consolidation

Virginia’s business-friendly policies are well-known. In fact, it recently ranked fourth in CNBC’s “Best States for Business” analysis. But the state has another unique claim to fame: it is home to 299 businesses structured as employee stock ownership plans (ESOPs) — ranking Virginia sixth in the country. Only New York, California, Texas, Pennsylvania and Illinois

Could Hybrid Forms of Worker Ownership Shape the Economy of the Future?

An article by Peter Walsh, Michael Peck, and Ibon Zugasti in the Harvard Business Review calls for the “use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of the company” as a means to reduce wealth inequality. The call itself is not

Why the U.S. Needs More Worker-Owned Companies

The gap in wealth in the United States between the ultrawealthy and everyone else has reached its widest point in decades. One way to narrow the divide is through the use of worker buyouts, in which ownership of a company transfers from a single person or a small number of people to the workers of

Lessons From The King Of Whole Grain: Bob’s Red Mill

If you’ve ever walked the aisles of a natural food store, you will recognize Bob Moore and his Bob’s Red Mill logo. Bob is the bearded 89-year-old gent with the big specs and blue cap, assuring you his products are whole grain and super-nutritious. That sheaf of wheat on the logo is no accident. What

This company pioneered a new business structure to preserve its mission

The new owner of Organically Grown Company, an Oregon-based organic produce distributor, isn’t a person but a trust, created to help the company maintain its social and environmental mission as it grows. The company is the first in the U.S. to use something called purpose trust law to restructure itself. “Most ownership structures are still about