Earlier this month, employee owned company Automated Packaging Systems of Streetsboro, Ohio, was rated 8th among the Top Work Places in Northeast Ohio for the second year. According to the news release on the company’s website, “Automated Packaging received feedback that employees feel like they can make a difference, they do have an impact on the company’s success, and they feel appreciated.”
As these articles suggest, this is one of the many benefits employee ownership can offer a company.
Christina Nelson, Managing Editor of the Journal of Financial Planning, also blogged earlier this month about how an ESOP can be a “Relationship Builder” in a company, and is especially beneficial for companies with retiring owners. You can read her post on the Practice Management Center Blog for more details.
Loughborough University of Leicestershire, UK, also published the results of their own study into the impact of employee share plans. Among the results, the university found that “employee share plans can deliver positive outcomes for employees and employers alike — even during financially challenging times.” Read more about the resuts in this article from HR Magazine.