When most of us hear about the three Rs we think of the education fundamentals of reading, writing and arithmetic. For companies with an Employee Stock Ownership Plan the three Rs mean something different: the fundamentals of the relationship with employees — recruiting, retaining and rewarding. ESOPs help companies with all three.
An ESOP is a qualified retirement plan that is invested primarily in the stock of the sponsoring company. Through the plan, employees accrue ownership in the firm allowing them to share in the success of the company. This alignment of personal and business objectives is a powerful force. Simply put, ownership matters.
Recruit
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
