ADDED BY WET Team ON 10.18.2018
As we celebrate Employee Ownership Month, we reflect on what it means to be an employee-owner and work for a company that is 100% employee-owned.
Casselbury (2018) states, “An employee-owned company plan is more commonly referred to as an ‘employee stock ownership plan,’ but the name conveys the right message: In an ESOP, the employees are given stock in the company as part of compensation for working at the company, making those employees shareholders in the company.” There are many advantages to both a business and its employees when A company becomes an ESOP.
Casselbury, K. (2018). How Does an Employee-Owned Company Work? Chron. Retrieved from https://smallbusiness.chron.com/employeeowned-company-work-44184.html