Employee Share Ownership in Canada is quickly gaining traction because of the new Employee Ownership Trust (EOT) Legislation.
What form of Employee Share Ownership Plan (ESOP), including EOT, makes sense for your unique company?
If you have already submitted your response, get your
Employee Ownership is the concept of share ownership of a company with employees, whether through an ESOP, EOT or other model. For 30 years, ESOP Builders has worked with Canadian companies in a variety of industries and across the country to implement employee ownership plans.
What EO is
If you ask us about Employee Ownership, including ESOPs and EOTs, in Canada
we would say that Employee Share Ownership Plans are a tool for meaningful employee engagement and small- and medium-business growth. Growth that can dramatically impact the livelihood of Canadians. An EOT, that has recently been introduced in Canada, is a form of employee ownership.
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, Employee Ownership Trust (EOT) 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.
Process
While all ESOPs and EOTs in Canada are custom-built and tailored to the needs of our clients, our Process is always the same.
We use what we call ‘The ESOP Transformation Mode©️’, which is a three-step process that allows us to deliver the best available plan, catered to individual strategic objectives, in the most efficient and cost-effective manner possible.
As ESOP consultants, we’re pleased to be in the business of empowering Canadian business owners and engaging their employees. We know that ESOPs and EOTs in Canada have a positive impact on not only the economy, but society too. We share our founder’s passion for our work and that’s why we’re the best in the country at what we do. Learn more about Our Process here.
ESOP Case Studies
If you would like to get a sense of our work, take our Free Feasibility Survey or learn about some of our clients Employee Share Ownership success through our Case Studies.
