A Case for Employee Ownership in Connecticut Businesses" 📢 Could employee ownership be the solution to strengthening Connecticut’s economy? This compelling opinion piece highlights the transformative potential of employee ownership for local businesses. Key points include: ✅ Retaining businesses and jobs within communities. ✅ Reducing wealth inequality and empowering workers. ✅ Building resilient companies with engaged, motivated employees. 💡 At ICA, we’ve seen firsthand how employee ownership can drive economic growth and create lasting wealth for workers. Let’s work toward a future where more Connecticut businesses embrace this powerful model. 👉 Read the full article: https://hubs.li/Q02_tdPy0 #EmployeeOwnership #WorkerCoops #EconomicResilience #SharedWealth #ConnecticutEconomy University of Connecticut School of Business Connecticut Department of Economic and Community Development
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Bob’s Red Mill: A Legacy of Employee Ownership 🌾👥 Bob’s Red Mill is a shining example of how employee ownership can transform a business and empower its workers. When founder Bob Moore handed ownership to employees through an ESOP (Employee Stock Ownership Plan), he ensured that the company’s mission and values would thrive for generations to come. This decision didn’t just create wealth for employees—it built a resilient business model that attracts talent, improves workplace culture, and enhances productivity. Bob’s Red Mill shows how putting people first leads to long-term success. Read more about their incredible journey and the benefits of employee ownership: https://hubs.li/Q02YpqCk0 #EmployeeOwnership #ESOP #SustainableBusiness #BobMoore #InclusiveEconomy #SharedSuccess Business Insider Queens Chamber of Commerce Brooklyn Chamber of Commerce Manhattan Chamber of Commerce
Bob's Red Mill is owned by its 700 employees. Its CEO says that is key to its success.
businessinsider.com
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"Gen Z is lazy!" "New generations are not as dedicated." "It seems like nobody wants to work these days." ✋🏼 Not according to Steve Glozik. Steve's seen firsthand the potential of today's workforce. They're eager to learn—on their own terms. They'll surprise you with their drive, dedication, and deep dives into new knowledge. But they need to know the WHY and the HOW. Outdated manuals, burdening your most veteran workers with training responsibilities (aka, answering the same questions over and over), and other traditional methods will not cut it anymore. At FP Property Restoration, they’ve taken significant steps to adapt—and have seen significant results. Read our latest case study at Restoration & Remediation about the success achieved by revamping onboarding and training to meet the needs of new restoration workers and exactly how you can do it, too. #Restoration #RestorationIndustry #PropertyRestoration #Onboarding #Retention #GenZ https://lnkd.in/ekwYTWVV
How to Equip Today's Workforce with Critical Knowledge featuring Steve Glozik
randrmagonline.com
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Success isn't just about what you accomplish; it's also about what you inspire others to do. 💪 Consider the impact of employee stock options. Companies that offer these benefits not only attract top talent but also foster loyalty and dedication among employees. When team members have a stake in the company, they’re more likely to be invested in its success. It's like building a community where everyone thrives together! While stock options may not replace salary increases, they add substantial value to employment packages, making businesses more competitive, especially small ones 🏢. The flexibility in structuring these plans means that everyone from executives to various employee groups can benefit. Have you been part of a team where stock options made a difference? I'd love to hear your stories! 📈 #EmployeeEngagement #StockOptions #BusinessGrowth #Inspiration https://lnkd.in/eivAgZDE
What Are the Benefits of Employee Stock Options for the Company?
smallbusiness.chron.com
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Why Large Corporations Should Consider Employee Ownership 📈👥 Employee ownership isn’t just for small businesses—it’s a scalable model that large corporations can adopt to address economic inequality, boost productivity, and create a stronger sense of purpose among workers. This Fast Company article highlights research from Rutgers School of Management and Labor Relations (SMLR) on the benefits of Employee Stock Ownership Plans (ESOPs) and other employee-ownership structures within larger firms. Companies like Taylor Guitars, Black & Veatch, and Chemonics International are demonstrating how employee ownership can transform workplace culture and enhance retention. As the U.S. Department of Labor recently launched an Employee Ownership Initiative, it’s clear that this model has bipartisan support and significant potential for sustainable, inclusive growth. Learn more about why large firms should explore employee ownership: https://hubs.li/Q02XZKbP0 #EmployeeOwnership #InclusiveEconomy #WorkplaceCulture #ESOP #SustainableGrowth #EconomicJustice Fast Company
Even large corporations should consider employee ownership. Here’s why
fastcompany.com
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In today’s fast-paced corporate world, getting lost in numbers, targets, and bottom lines is easy. However, as Bob Chapman demonstrated, 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐢𝐬 𝐧𝐨𝐭 𝐣𝐮𝐬𝐭 𝐚𝐛𝐨𝐮𝐭 𝐩𝐫𝐨𝐟𝐢𝐭𝐬; 𝐢𝐭’𝐬 𝐚𝐛𝐨𝐮𝐭 𝐩𝐞𝐨𝐩𝐥𝐞. During a financial crisis, he implemented a 𝐟𝐮𝐫𝐥𝐨𝐮𝐠𝐡 𝐩𝐫𝐨𝐠𝐫𝐚𝐦 instead of cutting jobs so everyone could share the burden. This act of compassion saved $20 million and built trust and unity among employees. As 𝐌𝐚𝐡𝐚𝐭𝐦𝐚 𝐆𝐚𝐧𝐝𝐡𝐢 once said, “𝐓𝐡𝐞 𝐛𝐞𝐬𝐭 𝐰𝐚𝐲 𝐭𝐨 𝐟𝐢𝐧𝐝 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐢𝐬 𝐭𝐨 𝐥𝐨𝐬𝐞 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐫𝐯𝐢𝐜𝐞 𝐨𝐟 𝐨𝐭𝐡𝐞𝐫𝐬.” This perfectly encapsulates the essence of servant leadership: putting others first, making them feel valued, and creating a safe space for ideas and growth. 𝐓𝐡𝐞 𝐥𝐞𝐬𝐬𝐨𝐧? 𝐒𝐞𝐫𝐯𝐚𝐧𝐭 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩. It’s about putting others first, making them feel valued, and creating a safe space for ideas and growth. As 𝐑𝐨𝐛𝐞𝐫𝐭 𝐆𝐫𝐞𝐞𝐧𝐥𝐞𝐚𝐟 put it, leaders are not just authority figures but servants who elevate those around them. Here’s how to embody servant leadership: 1. 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐌𝐢𝐧𝐝𝐬𝐞𝐭: Focus on serving the team’s needs, not just meeting targets. 2. 𝐋𝐞𝐚𝐝 𝐛𝐲 𝐄𝐱𝐚𝐦𝐩𝐥𝐞: Walk the talk; your actions set the tone for your team. 3. 𝐂𝐫𝐞𝐚𝐭𝐞 𝐚 𝐒𝐚𝐟𝐞 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭: Encourage open communication without fear of judgment. 4. 𝐁𝐮𝐢𝐥𝐝 𝐚 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐨𝐟 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩: Empower everyone, not just those with titles, to think and act like leaders. 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐢𝐬𝐧’𝐭 𝐣𝐮𝐬𝐭 𝐚𝐛𝐨𝐮𝐭 𝐚𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲; 𝐢𝐭’𝐬 𝐚𝐛𝐨𝐮𝐭 𝐥𝐢𝐟𝐭𝐢𝐧𝐠 𝐨𝐭𝐡𝐞𝐫𝐬 𝐮𝐩 𝐚𝐧𝐝 𝐢𝐧𝐬𝐩𝐢𝐫𝐢𝐧𝐠 𝐭𝐡𝐞𝐦 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐭𝐡𝐞𝐢𝐫 𝐟𝐮𝐥𝐥 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥.🌱✨ 𝐄𝐱𝐩𝐥𝐚𝐧𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐅𝐮𝐫𝐥𝐨𝐮𝐠𝐡 𝐏𝐫𝐨𝐠𝐫𝐚𝐦: A furlough program is a temporary arrangement in which employees are asked to take unpaid leave or reduced work hours due to the company's financial constraints, often during economic downturns or slow business periods. Unlike layoffs, furloughed employees remain on the company’s payroll and usually retain benefits like health insurance, expecting to return to full work hours once the company’s situation improves. 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 During the COVID-19 pandemic, many companies used furlough programs to cut costs without permanently losing their workforce. #Leadership #ServantLeadership #EmpathyInBusiness #CorporateCulture #MindsetShift #PeopleFirst #InspiringLeaders #WorkplaceWellbeing #GrowthMindset #BusinessEthics #BuildingTrust #PositiveWorkCulture #HumanCentricLeadership #LeadByExample
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Thanks Jon Shell for sharing this great article. EOT’s are so new to Canada that I’ve been reaching out to CPA’s and Lawyers encouraging them to become experts on the CRA guidelines as I plan to create a transition team of experts. Many business owners consider their employees to be family and EOT’s offer a way to keep the business owners legacy and give their employees the opportunity to create wealth. #businessowners #legacy #Exitplanning #Employeeownership #Succession
Terrific article about Canada's new Employee Ownership Trust and what it might mean for the Canadian economy. Thanks to the Smith School of Business at Queen's University for profiling the recent changes, and it's great to see some academics from my Alma Mater focused on this topic. A couple of key quotes from the article featuring Queen's professor Elspeth J. Murray: “The benefits are real, they’re large, they’re backed up by data and evidence,” Murray says. “In that respect, it’s as close as we get to a no-brainer.” "...on the whole, employee-owned companies grow faster and generate higher profits than the norm. They’re more productive and more innovative. During periods of economic strain, they demonstrate greater resilience and experience fewer layoffs. “When employees are owners, they really do work harder and work smarter,” Murray explains. “When there are tough moments, they can kind of roll with it, because they have a vested interest in making it through.” https://lnkd.in/gKVNhe4r Rachel Bachmann Matthew Mendelsohn Dan Skilleter Joanna Rodrigues, CPIR Tiara Letourneau
What Happens When Employees Become Owners? | Smith Business Insight
smith.queensu.ca
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These are challenging times for parents/guardians. One of the biggest distractions and causes of stress for working parents is their child’s education. Team members’ distractions negatively impact your bottom line. A simple, no-cost step you can take to ease the burden on your team members is alerting them to the tools and resources available on the Teshley Solutions website. Selecting one of the employee recognition options available to businesses is another step you can take to provide support to struggling families. Please take a few minutes to explore the website and choose your employee rewards. https://lnkd.in/epkJnRaT #smallbusinessowners #managers #chamberofcommerce #employeeretention #employeerecognition #employeereward #entrepreneur #familyowned #mangers #humanresources
Cost-Effective Employee Benefits Options
https://teshley.com
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Quiet quitting. The danger that no one sees.... Employee morale, employee engagement and employe satisfaction. Buzzwords that we are hearing from time to time. The underlaying issue is quiet quitting. employees who actually made up their decision to leave, but don´t. Why? Job security, being scared of not finding something new, alternatives... especially if we see the economy slowing down and the labor market getting slower. There are many reasons but only one result. All these people are disengaged, will not walk the extra mile and, worse case, create a toxic environment. While employee engagement is still a buzz word, organizations need to make sure that they have the right culture and keep their employees engaged. Attached is an interesting report from McKinsey, analyzing the cost of quiet quitting. Be assured. It is more expensive than bringing employee engagement up. www.zellconsult.com #culture #chro #leadership #employeeengagement #hrbp #hrconsulting
The hidden costs of quiet quitting, quantified | United Kingdom
mckinsey.com
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