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Burnett Specialists/Choice Specialists Blog

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Learn About Working for an ESOP

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 ...
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Benefits of an ESOP

Benefits of an ESOP
When trying to address issues of retention and productivity, a lot of tried and true options usually get tossed on the table. Some companies, however, are taking a bolder, out-of-the-box approach that has been shown to work, now more than ever. An employee stock ownership plan (ESOP) is an employee-owner method that provides a company's workforce w...
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ESOPs Increase Employee Engagement

ESOPs Increase Employee Engagement
Business owners know the great value of employees who act, think and behave like an owner. There's one guaranteed trick to encouraging employees to feel this kind of responsibility and loyalty in their work – make them owners! An ESOP (employee stock ownership plan) provides the workforce with stock ownership in the company, often at no up-front co...
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