Five stats that might make you try an ESOP at your shop

Alberta Venture - - The Money Book -

Em­ployee-owned firms ex­pe­ri­ence be­tween 4% and

5% an­nual pro­duc­tiv­ity gains in their first few years us­ing an ESOP – which al­most dou­bles the per­cent­age ex­pe­ri­enced by com­pa­nies with­out ESOPs Com­pa­nies with ESOPs are

25% more likely to stay in busi­ness. Their em­ploy­ees were four times less likely to be laid off (dur­ing this most-re­cent re­ces­sion), have 2.5 times greater-than-av­er­age re­tire­ment ac­counts and re­ceive be­tween

5% and 12% more in wages 72% of com­pa­nies that use ESOPs cite re­cruit­ment and re­ten­tion as their pri­mary rea­son. 40% used them to fos­ter a sense of own­er­ship About 10% of em­ploy­ees have some kind of stock pur­chase plan, but 47% of Profit 100 com­pa­nies – Canada’s fastest­grow­ing com­pa­nies – use ESOPs in their work­places

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