Blue Ridge ESOP Associates Industry News

Jim Bado, Workplace Development

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Hey Employee Owner:  Do You Know Your Role and Responsibilities?

Posted by Jim Bado, Workplace Development

Dec 19, 2017 3:00:00 PM

If you asked three people at your company what their roles are as employee owners, what answers would you hear? More importantly, would the responses be the same or even similar?

At some firms, the answer is no.

It’s no because defining employee owner roles and responsibilities is an ongoing challenge. But it’s a critical issue to address because it’s an essential building block in the foundation of your company’s success. Unfortunately, if you haven’t invested the time, energy and resources to define employee roles and responsibilities, people will do it themselves. Their definitions may wander far afield of your ideas and harm your ownership culture, rather than enhance it.

Here are four practical considerations in your effort to successfully define what it means to be an employee owner at your company.

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ESOP Account Projections: the Third Rail of ESOP Communications?

Posted by Jim Bado, Workplace Development

Jul 20, 2016 11:00:59 AM

Some people believe in making future account balance projections. Others see them as the proverbial subway ‘third rail” of ESOP communications; something to never be touched (i.e. stay away unless you want the equivalent of fiduciary electrocution). A recent encounter with a successful ESOP company illustrated the dilemma of sharing ESOP account projections.

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Topics: ESOP Communications

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