Learn About Working For An ESOP - Burnett Specialists

Learn About Working for an ESOP

Jun 21, 2017 | Job Seekers, Job Search Advice

Learn About Working for an ESOP

Wouldn’t being an owner of a company inspire you to work hard to make it a success? This motivation is one of the driving forces behind companies opting for employee ownership.

There are several ways to accomplish employee ownership. Employees can buy stock directly, receive stock options, or through a profit sharing plan. Stocks can even be given as bonuses. But by far the most common form of employee ownership in the U.S. is the ESOP, or employee stock ownership plan.

ESOPs give the employees an ownership interest in the company. In an ESOP, companies offer their workers a stock ownership, often at no upfront cost. The National Center for Employee Ownership (NCEO) estimates that roughly 7,000 ESOPs were in existence in 2015. ESOP companies grow more than two percent faster after setting up their ESOP than would have been expected without it. Companies that combine employee ownership with employee recognition programs show an even stronger boost in performance.

Learn About Working for an ESOP 1

ESOPs have some pretty substantial tax benefits. Dividends, stock and cash contributions are tax-deductible, and employees pay no tax on the ESOP contributions. However, there is more benefit to an ESOP than just financial gain.

Employees invest more than money into an ESOP; they invest their sense of pride. Doing a good job doesn’t just impact some suits in an office that they’ve never seen. Their ownership raises the stakes, inspiring and motivating them to work harder.

Both temporary and permanent employees at an ESOP collaborate together better. The sense of team is truly significant when your colleagues are your co-owners. Everyone benefits from working for the greater good. When the employee-owners are allowed a voice in the decision-making process, an ESOP can build stronger, more robust and more creative teams. This style of ownership also improves retention, as it encourages employees to stick around for the long term.

The employees at Burnett Specialists and Choice Specialists know a little something about ESOPs. As the largest employee-owned staffing and placement firm in Texas (and it’s a big state), we experience the benefits of this system every day. Those benefits trickle down to our clients. When you work with an elite recruiter at Burnett Specialists or Choice Specialists, you’re also working with a business owner. Many of our temporary employees are also owners and invested in our staffing agency (see details).

As an employee-owner firm, we are committed to a level of service other Texas staffing agencies just can’t equal. Burnett Specialists and Choice Specialists are a source for staffing and direct hire placements. Our highly qualified talent pool is specialized in accounting, administrative, convention support, engineering, HR, IT, legal, light industrial, management, manufacturing, medical admin, financial, marketing, supply chain, and call center. Give us a call today and we’ll get started on a strategy to address your career or staffing needs.

Recent Blogs

How Do I Know If a Staffing Firm Is Legit

How Do I Know If a Staffing Firm Is Legit

Don’t Get Burned: How to Spot a Reputable Staffing Agency When you’re navigating today’s job market—or trying to scale your workforce—the right staffing partner can make all the difference. But with thousands of agencies operating nationwide, it’s not always easy to...

How to Get Noticed by Recruiters in 2025

How to Get Noticed by Recruiters in 2025

Standing Out in a Competitive Job Market With the job market evolving rapidly in 2025, landing on a recruiter’s radar isn’t just about submitting a résumé. Whether you're actively looking or open to new opportunities, knowing how to get noticed by recruiters in 2025...

What Should I Do If a Recruiter Ghosts Me

What Should I Do If a Recruiter Ghosts Me

You’ve had a great conversation with a recruiter. You sent your resume, maybe even had an interview—and then ... nothing. Days turn into weeks. No calls. No emails. No feedback. If this sounds familiar, you’re not alone. Being ghosted by a recruiter can feel...

What’s the Best Way to Get Noticed by Recruiters in 2025

What’s the Best Way to Get Noticed by Recruiters in 2025

In today’s competitive job market, simply submitting a resume isn’t enough. Whether you’re actively looking or just open to new opportunities, knowing how to stand out to recruiters is essential—especially as hiring tools and expectations continue to evolve in 2025....

Do Temp Jobs Ever Lead to Full-Time Work

Do Temp Jobs Ever Lead to Full-Time Work

Many professionals consider temporary jobs as a short-term solution or a stepping stone during their career. But a common question remains: Can a temp job turn into a full-time opportunity? The answer is a resounding yes—and at Burnett Specialists, we’ve seen it...