Employee retention is a critical challenge faced by organizations in today’s dynamic business landscape, especially with the recent surge in turnover.
A high turnover rate not only disrupts workflow but also increases an ESOP’s costs associated with recruitment, training, and lost productivity. In this article, we’ll explore several strategies that ESOPs can use to attract and retain the most talented employee owners.
The ESOP Association
ESOP Association Resources
Aug. 10
In late June, ESOP PAC hosted a fundraising event for Congressman Jason Smith (R-MO), an ESOP champion and chair of the powerful House Committee on Ways and Means. Ways and Means is a key committee of jurisdiction for ESOPs as it is responsible for writing our tax code, along with its counterpart in the Senate, the Finance Committee.
Aug. 08
The shared passion for employee ownership is something that runs deep throughout the ESOP community. It’s something we all feel strongly about, and a key driver of why the ESOP model works for so many millions of Americans. But what is it, scientifically, about ESOP culture that fosters this pride among employee owners?
Aug. 03
Earlier this year, The ESOP Association announced the first Chapter expansion since the 1990s to better serve our membership, reinstating a standalone Florida Chapter and creating the Rocky Mountain Chapter, serving Arizona, Colorado, New Mexico, Utah, and Wyoming. TEA is excited to announce our newest chapters are already making great progress, and both will be hosting their inaugural conferences in August (Florida) and September (Rocky Mountain)!
Jun. 21
Today, Project Equity and The ESOP Association (TEA) announced a new partnership designed to amplify employee ownership as a way to preserve businesses, strengthen jobs and build a more resilient post-pandemic economy. This partnership will use new, nationwide state-by-state data to demonstrate for lawmakers the impact of ESOPs (Employee Stock Ownership Plans) and worker cooperatives, particularly in relation to the massive generational shift in business ownership facing the nation, known as the “Silver Tsunami.” Project Equity used its data analysis to create 50 state-specific infographics which will be released as part of The ESOP Association’s 47th National Conference in Washington, DC this week. TEA has scheduled more than 220 individual meetings with Members of Congress and their staff to share the data as well as other legislative and regulatory priorities for the employee ownership community.
Jun. 03
A Look at Funding Via Pension Plans and Some Insights on Which Situations Might Best Fit this Approach
Resource, Press Releases
May. 23
Congratulations to all our AACE winners and runners up - we had an incredible year for the AACE program with some of the best entries we have ever received. Thank you to our judges who took two days to fly to DC to judge the countless entries. We look forward to next year!
More than 250 Employees
Air Tractor (Olney, TX)
• Winner: Video
Burns & McDonnell (Kansas City, MO)
• Runner Up: Total Communications
• Runner Up: Series of Special Events
Resource, Press Releases
May. 23
Washington, DC, May 23, 2019 - Janet Edmunson, founder of JME Insights in South Portland, ME, has been named the 2019 Life Service Award winner by The ESOP Association. The Life Service Award honors individuals who’ve made a significant, long-term contribution to employee ownership and the ESOP community.
Resource, Press Releases
May. 23
Washington, DC, May 23, 2019 - Jeff Mounts, Marketing Coordinator at ESP International based in Cedar Rapids, has been named the 2019 Employee Owner of the Year by The ESOP Association. This award recognizes a non-management employee owner who provides a positive influence in the company, and who participates in the company’s employee ownership activities and in the activities of The ESOP Association.
Resource, Press Releases
May. 23
Washington, DC, May 23, 2019 - Miklos Systems Inc. (MSI) of Fairfax, VA has won The ESOP Association’s highest corporate honor—the ESOP Company of the Year Award. The award honors a company that actively participates in the employee ownership community and that demonstrates a dedication to The ESOP Association’s vision of employee participation, wealth creation, and individual dignity and worth.