Employee Ownership Blog

Dallan Guzinski

July 30, 2020

Ownership Culture Insights: Beyond Corporate Engagement

At the NCEO’s Fall ESOP Forum in 2019, I met with a manufacturing company that was concerned about engaging its shop floor employees more effectively in the culture of ownership it was trying to build. They were concerned that their employees working in their corporate offices had more opportunities for learning and more all-around engagement in the business and employee ownership. When their employees took the NCEO's Ownership Culture Survey later that fall, the feedback we collected confirmed their suspicions. Employees in other departments responded 20% less positively than those closer to corporate leadership when it came to ESOP understanding, ownership identity, decision-making, and access to business information.

Loren Rodgers

July 30, 2020

2020 Fall Forum: See the Curriculum Guide

From September 14 to 16, the 2020 Fall ESOP Forum will showcase the best resources the ESOP world has to offer for you and your company. To help you navigate which sessions will give you the answers you need, NCEO founder Corey Rosen and I have put together a curriculum guide with six tracks for a variety of roles and ESOP questions.

Timothy Garbinsky

July 30, 2020

Local Employee Ownership Conferences Continue Online

Adapting to the socially distanced world, both the Vermont Employee Ownership Center (VEOC) and the Ohio Employee Ownership Center (OEOC) have moved their annual conferences online.

Loren Rodgers

July 26, 2020

The Temporary Federal ESOP Grant Program Act: An Overview

Update on Sept 10, 2020: This bill was not included in the Senate Republicans' most recent coronavirus relief bill.

Timothy Garbinsky

July 22, 2020

Sen. Ron Johnson Introduces Bill Linking ESOPs to Gov't Aid

Following his earlier statement on linking employee ownership to government aid, Senator Ron Johnson (R-WI) has introduced a bill doing just that. In a press release issued on July 21, 2020, Senator Johnson described the Temporary Federal ESOP Grant Program Act. According to the press release, the bill would:

Nancy Wiefek

July 17, 2020

The 2020 National ESOP Database Is Now Available

Each year, the NCEO compiles a database of all ESOPs in the US. This database breaks out privately held and publicly traded ESOPs, and includes the age of the ESOP, number of participants, total plan assets, and more.

Dallan Guzinski

July 14, 2020

Ownership Culture Insights: Blind Spots in Information and Learning

In this new series of NCEO blog posts, I will explore interesting ownership culture insights on what the NCEO has learned over the years from companies, their stories, practices, and a wealth of survey data collected from employee-owners across the country. I will explore common challenges, best practices, and learn about what employees truly value when it comes to creating a workplace that thrives on ownership thinking.

Corey Rosen

July 10, 2020

Two Federal Proposals Would Promote Employee Ownership

A new bill introduced by Rep. Ocasio-Cortez and an amendment to the Defense Authoriziation Act would both encourage employee ownership. The two proposals come shortly after Sen. Ron Johnson (R-WI) advocated linking business support during the COVID crisis to employee ownership.

Nancy Wiefek

July 08, 2020

Survey Data Shows Lower Turnover Among ESOPs

Our recent ESOP Topics Survey gathered data from 160 ESOP companies on how they’re handling the COVID-19 crisis and other issues, including questions about their turnover rates in 2019. The surveyed ESOP companies reported dramatically lower turnover than overall national averages. This difference persisted at the industry level in each of the industries with enough data to make comparisons: wholesale trade, manufacturing, and construction ESOP companies had turnover rates less than half of national averages for their industry. See tables below for details (national data is from the Bureau of Labor Statistics.)

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