Timothy Garbinsky
Every year around this time, I get excited about our Fall ESOP Forum, taking place this year from September 22 to 24 online. It serves as both a welcome reprieve from the late summer/early autumn doldrums and an augmentation of Employee Ownership Month, which falls directly on its heels. It also provides a yearly opportunity to take stock of the past year while looking forward to what the upcoming year might have in store for us.
Dallan Guzinski
Research shows that the existence of an ESOP is not in itself sufficient for a company to attain the competitive and performance advantages associated with employee ownership. A company must also build an ownership culture—a workplace where employees think and act like owners. The NCEO's Ownership Culture Surveys are designed exclusively for employee ownership companies. The surveys measure how well employees understand their ESOP and ways the company can more effectively capture the benefits and competitive advantages of employee ownership.
Dallan Guzinski
Research shows that the existence of an ESOP is not in itself sufficient for a company to attain the competitive and performance advantages associated with employee ownership. A company must also build an ownership culture—a workplace where employees think and act like owners. The NCEO's Ownership Culture Surveys are designed exclusively for employee ownership companies. The surveys measure how well employees understand their ESOP and ways the company can more effectively capture the benefits and competitive advantages of employee ownership.
Loren Rodgers
Businesses across the country are struggling to find, hire, and retain the employees they need, so this finding from the General Social Survey (reported on in our blog) should be welcome news to everyone responsible for recruiting at an employee-owned company: “Democrat or Republican, female or male, black or white, union or non-union, a majority of respondents said they prefer to work for a company with employee share ownership.”
Corey Rosen
Employee ownership in Australia is limited primarily to employee stock purchase plans and employee equity grant programs such as stock options, although some advisors have figured out ways to create something that looks somewhat like a U.S. ESOP. A new report from the House of Representatives Standing Committee on Tax and Revenue titled Owning a Share of Your Work: Tax Treatment of Employee Share Schemes discusses the state of stock plans in the country.
Corey Rosen
In its new election platform, the Conservative Party in Canada joins the ruling Liberal Party in pushing for major changes in Canadian law to create an employee ownership structure similar to ESOPs in the U.S. and employee ownership trusts in the UK. The Liberals had already included proposals to promote employee ownership in their proposed budget. The Conservatives endorsed providing capital gain deferrals for owners selling to employee ownership trusts as well as government support to help finance the sales.
Nancy Wiefek
The 2021 ESOP Corporate Governance Survey report is now available. Our thanks go out to our survey respondents, who make this work possible. We received valid questionnaires from 302 ESOP companies. Respondents have been emailed a code to receive a 75% discount on purchase of the report.
Loren Rodgers
One of the perks of my job is that I get to talk a lot with people from employee-owned companies, and I have noticed two themes in my conversations with CEOs around the country in recent weeks.
Timothy Garbinsky
It's no secret that workplace attitudes are changing. Many workers in all sectors and at all stages of their careers are learning that many parts of their jobs can be done from home. Others are beginning to feel there’s a disconnect between the value of their work and the amount of respect or compensation they receive. All of this points to somewhat of a cultural shift, not only in the nature of work itself, but in the way workers are treated.
