Dallan Guzinski
Any company, whether it is employee-owned or not, would love to have a culture in which its employees think and act like owners in the workplace. Fortunately for ESOP companies, their employees really do have an ownership stake in the business they work for, but as we have said time and time again at NCEO meetings and events, the ESOP alone cannot create this type of attitude or engagement.
Nathan Nicholson
The NCEO compiles comprehensive data on every ESOP in the US. As a benefit to our members, we produce downloadable PowerPoint slides for all 50 states. Each set of slides includes a map of ESOP company locations, the number of privately held ESOPs and participants, an industry breakdown, and more. You can insert them into your presentations for your employees, clients, and broader audiences as a way to give up to date state-level context on the ESOP universe. Members can download slides here.
Corey Rosen
Want to see reinvention at work? Watch this video from the Motz Corporation (parent company of two external brands: The Motz Group and USGreentech):
Timothy Garbinsky
As I wrote in a blog post from July 30, the Ohio Employee Ownership Center's conference is just around the corner. The event, scheduled for Thursday, August 20, from 8:30 a.m. to 3:30 p.m. eastern time will be hosted via the same platform as our 2020 Annual Conference earlier this year.
Nathan Nicholson
Our recent ESOP Topics Survey asked companies to reflect on how employee ownership is affecting their ability to respond to the coronavirus pandemic. The responses show some encouraging perspectives on how an ESOP and an effective culture of ownership can help companies survive and thrive in crisis.
Corey Rosen
A new study by Carver Edison shows that over the last five years, public companies with employee stock purchase plans (ESPPs) had a return on equity of nearly 12% per year, compared to 7% in companies without these plans. They had operating margins of 9.5%, compared to 8.2% for non-ESPP companies, and they had four times the annual sales growth (4% to 1%). Almost half the S&P 500 and 40% of the Russell 3000 offer these plans. The study was based on market-weighted indices of ESPP and non-ESPP companies. It is not possible to tell whether companies that offer these plans tend to be better performers to begin with or whether there is a causal relationship with ESPPs.
Dallan Guzinski
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
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
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.
