Loren Rodgers
From September 14 to 16, the 2020 Fall ESOP Forum will showcase the best resources the ESOP world has to offer for you and your company. To help you navigate which sessions will give you the answers you need, NCEO founder Corey Rosen and I have put together a curriculum guide with six tracks for a variety of roles and ESOP questions.
Timothy Garbinsky
Adapting to the socially distanced world, both the Vermont Employee Ownership Center (VEOC) and the Ohio Employee Ownership Center (OEOC) have moved their annual conferences online.
Loren Rodgers
Update on Sept 10, 2020: This bill was not included in the Senate Republicans' most recent coronavirus relief bill.
Timothy Garbinsky
Following his earlier statement on linking employee ownership to government aid, Senator Ron Johnson (R-WI) has introduced a bill doing just that. In a press release issued on July 21, 2020, Senator Johnson described the Temporary Federal ESOP Grant Program Act. According to the press release, the bill would:
Nancy Wiefek
Each year, the NCEO compiles a database of all ESOPs in the US. This database breaks out privately held and publicly traded ESOPs, and includes the age of the ESOP, number of participants, total plan assets, and more.
Dallan Guzinski
In this new series of NCEO blog posts, I will explore interesting ownership culture insights on what the NCEO has learned over the years from companies, their stories, practices, and a wealth of survey data collected from employee-owners across the country. I will explore common challenges, best practices, and learn about what employees truly value when it comes to creating a workplace that thrives on ownership thinking.
Corey Rosen
A new bill introduced by Rep. Ocasio-Cortez and an amendment to the Defense Authoriziation Act would both encourage employee ownership. The two proposals come shortly after Sen. Ron Johnson (R-WI) advocated linking business support during the COVID crisis to employee ownership.
Nancy Wiefek
Our recent ESOP Topics Survey gathered data from 160 ESOP companies on how they’re handling the COVID-19 crisis and other issues, including questions about their involuntary turnover rates in 2019. The surveyed ESOP companies reported dramatically lower turnover than overall national averages. This difference persisted at the industry level in each of the industries with enough data to make comparisons: wholesale trade, manufacturing, and construction ESOP companies had turnover rates less than half of national averages for their industry. See tables below for details (national data is from the Bureau of Labor Statistics.)
NCEO
Our recent ESOP Topics Survey gathered data from 160 ESOP companies on how they’re handling the COVID-19 crisis and other issues, including questions about their turnover rates in 2019. The surveyed ESOP companies reported dramatically lower turnover than overall national averages. This difference persisted at the industry level in each of the industries with enough data to make comparisons: wholesale trade, manufacturing, and construction ESOP companies had turnover rates less than half of national averages for their industry. See tables below for details (national data is from the Bureau of Labor Statistics.)
