Thanks to Carole from Ownership Associates UK for the following information! Bumper issue for you this month! Another two businesses join Scotland’s flourishing employee-owned community. Read the poignant story of Alan Steel Asset Management’s journey and the story of Spider Online. Our employee owned companies are collecting awards at a storming rate – celebrate the…
Research shows that ESOPs with an employee ownership culture outperform non-ESOP peers as well as ESOPs that lack an employee ownership culture. These ESOPs have an involvement orientated/ participative management philosophy, embrace a low power distance, and seek employee input to help solve problems. They communicate to each employee how their actions contribute to the…
Congratulations to Suzie Leisure of Opportunities for Positive Growth, Inc., who won the Employee Owner of the Year Award and to Empowered Ventures, formerly known as TVF, Inc., who won the Employee Owned Company of the Year Award. These awards were presented at the Indiana Chapter meeting of The ESOP Association’s Spring Conference.
The Committee on Appropriations submits the following report in explanation of the accompanying bill making appropriations for Financial Services and General Government for the fiscal year ending September 30, 2022. Page 106 of this report has the following positive comments concerning employee ownership and succession planning. As reported by TEA While Committee reports don’t have…
As reported by The Motley Fool, according to Vanguard’s analysis of ~5 million retirement accounts in 2021 the average 401K balance in 2020 was $129,157. Investopedia reports the average company match is 4.3% of the worker’s pay, so the vast majority of assets in a 401K is contributed by the worker (wage income). The funds…
Many thanks to NCEO and ESCA for this research! Summary of Findings: Overall, we find measurable evidence of this resiliency in greater financial security for employees heading into and during the pandemic, and job retention at the firm level compared to comparable conventional firms. Before the pandemic, the average ESOP account balance at an S…
What’s new in Scotland Employee Ownership? Check out the info from Carole Leslie below
EMPLOYEE OWNERSHIP CONFERENCE Tuesday, November 30, 2021 9:00 am – 3:00 pm Eastern 9:00 am – 10:00 am: Keynote In the next 10 to 15 years approximately 70% of privately owned businesses —worth an estimated $10 trillion— will exchange hands. This exchange will represent the largest intergenerational transfer of wealth in U.S. history. In Indiana…
Deb Trocha from the Indiana Cooperative Development Center and Richard Van Doel from the Indiana Center for Employee Ownership will be hosting a full day conference on Employee Ownership Nov 30, 2021. Save the Date!! Details below, registration to open shortly…