Canadian employee ownership

Should You Make The Scary Switch To Employee Share Ownership (ESOP)?

Should you make the scary switch to an ESOP?  Or is it a scary switch?Employee Share Ownership - is it scary?

There is often a perception that inviting employees into the ownership circle can  take away value, rather than adding value to a company.  When designed well, this is not true at all. In fact, there are many huge advantages for the owner, the company and the employee team.

Tema Frank of Frank Reactions interviewed Employee Ownership Specialist, Dan Ohler, from Edmonton, AB to explore these questions.

We invite you to grab a cup of coffee, put on your headset, and enjoy the interview.

You can download it for a later experience if you wish.

Employee Ownership Advantages

From the owner’s perspective, it makes sense to share a stake in the game with the people who have had a significant part in making and keeping the company successful.  And it is highly likely that these are people the owner knows well, likes, and trusts. They are a part of the culture and understand the values inherent in the business.

From the employees perspective, there is a huge advantage whereby they can continue to do their daily work, generate their salary, and know that daily decisions they make affect the value of their investment portfolio.  It doesn’t work that way when they buy stocks on the Toronto Stock Exchange.

What’s the scary part?  This is a change to the way it’s always been done.  That’s why it is important to do the research and tap into specialists and experts who can guide you to efficiently and effectively design a plan that is best for you and your company.

As part of your research, you may want to consider attending the 2016 Canadian Employee Ownership Conference in Kelowna on June 7 – 9, 2016.  It will be a great way to hear stories about the humps, bumps, strategies and successes.  You’ll also be able to connect with some of the experts who can support you in your decision and the process.

Will we see you there?

By Dan Ohler, Employee Ownership Specialist