The Heart of your Company
Employee Engagement is the heart of the success of your company. Happy and engaged employees are committed and productive employees and obviously productive employees impact your bottom line!
So what do you do to promote employee engagement? Team building? Training and development opportunities? Fantastic! We would love to hear what else you do to keep your employees engaged. Email us your ideas – they could be featured in an upcoming blog!
Explore this!
Here is another trend that, if you haven’t thought about it, is absolutely something to explore! Employee Share Ownership Plans. 1 Stop HR has recently partnered with ESOP Builders who provide all the support needed to businesses exploring or looking to implement this option. Here is some brief information from them to get you started in your exploration. We will post more from ESOP Builder
s in future blogs.
What is an ESOP?
If you ask us, Employee Share Ownership Plans are a tool for meaningful employee engagement and small- and medium-business growth, one that can dramatically impact the livelihood of Canadians.
If you’re looking for a definition, we offer this: ESOPs are stock equity plans that allow employees to acquire ownership in a company, heightening employee buy-in and investment, while fostering accountability and an ownership mentality. They may include stock options, stock purchase, phantom-stock ownership or a combination of alternatives. Employee ownership can range from 1% to 100% of the company. As employees become owners, they share in the risks and rewards of the company.
What does ESOP Builders do?
At ESOP Builders we helps companies develop customized plans to suit business and business-owner needs, following a detailed consultation with our team.
Why implement an ESOP?
- attract and retain talented staff
- improve productivity and profitability
- engage employees in big picture of company
- flexible succession plan
- method for employees to build long-term wealth
- source of capital for company
More Info
If you’re still wondering “what is an ESOP?” and want to learn more or assess whether ESOPs are suitable for your company, please contact ESOP Builders and the team directly or complete their free Feasibility Survey.