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Employee ownership has big impact on employees’ financial well-being

Employee-owners had 92 percent greater median household net worth, more job security and strikingly better employee benefits, according to new research.

By Marlene Y. Satter | Updated on October 19, 2017
Employee-owners are much more likely to have access to an array of benefits at work, including flexible work schedules, retirement plans, parental leave, and tuition reimbursement. (Photo: Shutterstock)

More than 14 million workers at over 6,700 American companies own part or all of their employers through an employee stock ownership plan (ESOP) but there’s not much discussion about it “in the business section of the newspaper or in public policy discussions about how to address economic opportunity” according to Business Insider. 

For those interested, a new research report from the nonprofit National Center for Employee Ownership offers some useful insights into how employees are affected by being employee-owners instead of just workers. Namely, employee-owners are more likely than other workers to rise toward the middle class. 

 

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