An employee stock ownership plan can be so much more than a valuable exit strategy and business succession planning tool.
Decades of ESOP research support the case for encouraging employee involvement at all levels of the business. When employees understand how their day-to-day contributions can make a difference in corporate performance, they’re more likely to act like owners — keeping an eye out for efficiency improvements, waste reduction, innovation opportunities, and other ways to achieve greater productivity and better profitability.
Small business owners, in particular, can find employee ownership a powerful tool for recruiting and retaining quality employees in a competitive labor market. The sense of value for employee contributions and shared long-term growth potential can help differentiate your business from other employers and generate even more growth — but establishing and nurturing an ownership culture takes effort, consistency, and financial stakes.
When you partner with ESOP Partners, you receive more than just ESOP recordkeeping services. Our collection of proven processes are collectively known as ESOP Care™. With ESOP Care™, you’ll get access to decades of expertise in ESOP employee engagement, sustainability, and corporate governance.
