Employee Ownership usually isn’t about working at home, though it can mean being home based.

It IS though about OWNING your job and keeping not only the worker’s wage but the owner’s capital and earnings on capital.

With that in mind this headline caught my eye…

Employee Ownership Drives NE Ohio’s Economy which, in turn, quotes from this article in the  Cleveland Plan Dealer.

In NE Ohio…

…three companies that made the Top Workplaces list this year — Voss Industries, Prentke Romich and Oswald Cos. — all say employee-owned stock ownership plans, or “ESOPs,” are a key incentive for retention, positive attitudes and company performance.

Most of these “ESOP” companies were part of succession plans… the business’ original owner wanted to retire or sell. The Employee’s bought them out.

Interestingly a person who studies “ESOPs” was quoted and said something that should be very important these days:

Jay Simecek, program coordinator of Kent State University’s Employee Ownership Center, isn’t surprised [at the results]. He said employee-owned companies have been around since the mid-1970s — enough time for them to be studied. Those that develop “ownership” cultures — reminding employees that every job is important — tend to outperform competitors in two ways: profitability and accumulation of retirement benefits for employees, Simecek said.

In this economy, neither can be ignored!

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