Employee Share Ownership Program

Features / Topics

Employee Share Ownership Programs (ESOPs) have been implemented successfully in businesses for many years. Based on the reality that organizations that participate in broad-based ownership structures perform better, have higher employee engagement, and provide transition opportunities for the majority owners, TAC is pleased to be partnered with ESOP Builders, the leading organization in Canada for implementing broad-based ownership plans.

Outcomes

Just a few of the benefits of ESOPs include:

  • Recruit highly skilled individuals to your organization
  • Retain key employees thus reducing turnover and training costs
  • Maximize commitment to long-term corporate goals
  • Profitably manage a fast growing company
  • Provide employees with non-cash compensation
  • Revitalize existing incentive plans
  • Assist with succession planning

In the United States, it is estimated that over 11,000 companies involving over 10 million employees have implemented ESOPs. According to Fortune Magazine’s 1997 “Best 100 Companies in America to Work For”, about one third of these companies had 10% or more of their shares owned by employees. These include successful companies such as Microsoft, Hewlett-Packard, Procter & Gamble, Cisco, Intel, Xerox, Motorola and Merrill Lynch.organization’s profitability – guaranteed.

Logistics

ESOPs won’t work in every situation, so to learn if an ESOP is right for you, please contact TAC to arrange an assessment that will quickly determine if an ESOP is right for you.