It’s still early in the year, but for many of us, that means some already broken New Year’s resolutions. It’s not too late, however, to jump back on the improvement wagon and resolve to make the most of employee ownership at your company in 2024.
Based on our more than three decades providing practical communication, training and ownership-culture development services, here’s some real-world suggestions (i.e., ESOP resolutions) you can implement to be more effective this year while laying a solid foundation for future success.
The ESOP Association
ESOP Association Resources
Mar. 21
In February, The ESOP Association held its annual Professionals’ Forum in New Orleans, which featured an unveiling of the Association’s latest advocacy effort and lively discussions on the most critical ESOP issues. The Forum, the only event of its kind, serves a key role as a high-level discussion venue, sounding board, and learning experience for ESOP professionals.
Mar. 20
Photo: KMI International founder and CEO John Manning (right) with John Burgess
Mar. 14
Among an ESOP trustee’s most important responsibilities is setting the annual share price for company stock held by the ESOP. This price is used to facilitate transactions involving the ESOP or plan participants, and gives all participants the “current” value for what is one of their key retirement accounts. Because the ESOP trustee typically relies on an independent valuation prepared by an ESOP valuation professional or firm to determine the annual price, selecting the right professional and giving a complete review of the valuation is of the utmost importance.
Mar. 07
All ESOP Association members are eligible to apply to join any of the Association’s six Professional Advisory Committees. The Advisory Committees' mission is to help identify emerging issues, discuss best practices, and formulate the educational content for the hundreds of educational conference sessions held throughout the nation each year.
Mar. 05
The ESOP Association’s Newest Initiative Aims to Synthesize Compelling ESOP Messages Across Industry, Demographic Sectors, and Audiences
I have often said that as a community we are really good at talking about employee ownership to one another, but really bad in how we communicate to everyone else. The ESOP Association and The Employee Ownership Foundation have joined forces to try to do something about that, and provide meaningful, data-driven research to help you in your marketing and communications, too.
I have often said that as a community we are really good at talking about employee ownership to one another, but really bad in how we communicate to everyone else. The ESOP Association and The Employee Ownership Foundation have joined forces to try to do something about that, and provide meaningful, data-driven research to help you in your marketing and communications, too.
Aug. 15
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.
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.
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?