Since 1987, The Ohio Employee Ownership Center (OEOC) has provided various types of education and training to the employee ownership community. We are committed to helping you create, and grow your ownership culture, and unlock the power of employee ownership.
Reflective of the reality that stock ownership alone does not automatically lead to increased employee commitment and firm performance, OEOC training programs are designed to:
The OEOC offers a variety of both in-company as well as multi-company training programs.
Assessment of Ownership Culture
The OEOC can aid in team or company-wide assessments to help identify firms’ best practices and current needs in bringing about effective employee ownership and participation. Surveys and feedback may be used as tools for planning, understanding strengths and weaknesses, and as baseline data for periodic measurement of progress toward firms’ employee ownership and HR goals.
Employee Owner Education
These OEOC training services provide basic information and training geared to aid employee owners in developing an understanding of their ESOP and business.
ABC’s of ESOPs: Based on plan documents, ABC’s of ESOPs sessions can include the basics of ESOP mechanics; roles, rights, and responsibilities of employee owners; and exercises which reinforce basic ESOP concepts.
The ESOP Game: The OEOC's most popular training program, the ESOP Game takes participants through three years of a fictional ESOP Company. Participants make decisions on how to run the company (and learn its not so easy!); track the impact of their decisions (with simplified P&L and Valuation statements); and how they've impacted share price and the value of their ESOP accounts.
What Drives Your Business: This OEOC training service helps employee owners understand their firm’s business, markets, and objectives. Key business concepts and strategies–such as process improvement, capital investment, and competitive elements in the workplace–may be highlighted and addressed. This program is appropriate for non-managerial employees.
Team Effectiveness Training: While working as a team can be difficult, successful employee ownership requires teamwork and problem solving skills. Using team-based exercises, participants learn how to make group meetings positive experiences and apply problem solving approaches which will guarantee that every meeting gets results.
Financial Education: Employee owners should get basic financial information about the business they own. But do they understand it? The OEOC’s financial training program prepares employee owners to understand their business’ financial statements and to use them in decision making.
Understanding Financial Reports: A basic introduction to business financials. Participants learn the basics of financial statements, and terms found on their firm’s balance sheet, profit & loss, and cash flow statements. This is a one day program appropriate for all non-managerial employees.
Financial Analysis: This workshop teaches employee owners to analyze financial statements, examining the operating cycle, cash flow, and working capital needs; to figure standard financial ratios; and to apply these skills in uncovering the financial problems of a simulated ESOP firm. This program is appropriate for non-managerial employees serving on teams, boards, and committees.
Customization: The OEOC can provide the above training through a series of "off-the-shelf" modules that are ready to go (see the Flat Rate Training Program below), but we can also provide the necessary customization, or create a program from scratch, if that better fits your needs. Contact Chris Cooper at firstname.lastname@example.org or 330-672-3028 for more information.
We’ve heard from our Network companies that it would be appreciated if we simplified the offerings, and the pricing, for our in-demand training programs. The good news is we’ve listened, and created our Flat Rate Training Program. We’ve created this option in order to allow you to pick from a slate of great training programs, that can be brought to your company for a simple flat rate. Learn more
Each year we run a number of webinars that hosted by the OEOC staff, fellow employee owners, and ESOP experts. The webinars cover a range of issues, relevant for those considering setting up an ESOP, new ESOP companies, and mature ESOPs. We also maintain a multi-year archive of past webinars that are available upon request.
For over 30 years the OEOC hosts an annual conference that has hundreds of attendees and features a slew of topics relevant to employee-owners, management, and business owners interested in selling to their employees.
Southwest Employee Ownership Forum
With session on legal and technical and culture and communication issues, a mini-workshop on ESOP calendar of events, and roundtables for CEO/CFOs and HR professionals this one-day forum, held at the end of the year, is designed to review the past year, and plan for the one ahead.
C-Suite leaders of employee owned companies are encouraged to attend and engage one another in a frank and open ended discussion on the issues affecting your company. The agenda is open and determined by those in attendance.
Communication Check-ins and Roundtables
Our Check-ins and Roundtables are designed to convene a group of your peers to discuss your communications challenges and exchange ideas within an "open forum" structure with others working at employee-owned companies.
One of the fundamental resources of the employee stock ownership plan (ESOP) movement is the large group of dedicated, well-intentioned people who agree to serve as trustees or other fiduciaries on behalf of their company’s ESOP. If you are one of those dedicated people, you have undoubtedly felt the concern that is inevitable when taking on that sort of responsibility. The Beyster Institute at UCSD has developed a special intensive education program to help relieve some of that concern – the Certificate Program for Non-Professional ESOP Fiduciaries. For two years the OEOC has partnered with the Beyster Institute to bring this well regarded program to Ohio.
Whether you are starting (or restarting) your ESOP Committee, or just looking to maximize the success of the one you have, this program will provide you with best practices, dos and don’ts, as well as an opportunity to network with communication committees from your fellow employee-owned companies. Attend for practical ideas to enhance your ownership culture and make your team more successful in 2020!
These retreats offer an opportunity for non-managerial employees to experience of full program of ESOP education. This retreat is extremely helpful for non-managerial employees interested in becoming leaders, members of ESOP communication committees and those responsible for educating others at your company about your ESOP.
Contact Chris Cooper at email@example.com or 330-672-3028 for more information.