An employee wealth-building tool that’s helping companies attract and retain talent

In case you missed it, CNBC recently published a great article about ESOPs, with commentary by TEA President and CEO Jim Bonham.

Key highlights:

"There is massive new interest in employee ownership from prospective employees, especially younger workers, and from government and political leaders." – Jim Bonham

"During the last few years, we've seen more companies using ESOPs as a powerful compensation strategy, particularly by start-ups, to attract and retain top talent, foster employee engagement and drive long-term growth." – Cheryl Collins, Vice President of People, Bob's Red Mill, a 100% employee-owned company.

"The full value of our hard work and success, plus having influence in company decision-making, is shared among all the employees. We know that what we do day-to-day really affects everyone around us, which helps improve morale and boost employee engagement, creating a positive workplace culture where we feel valued and connected to the success of the company." – Cheryl Collins

"Most ESOPs are well known in their communities for being among the best employers around. The benefits and ownership interest for every employee become well known and extremely attractive to prospective employees. ESOPs retain their employees at significantly higher rates compared to traditional firms. These low turnover rates translate directly into lower operating costs." – Jim Bonham

Please click here to view the full article on CNBC's website >>