by: Baldwin, Ron
Source: The Beyster Institute
The 2016 National Center for Employee Ownership (NCEO) annual conference was held in April in Minneapolis, Minn., and it was a great time for company executives, ESOP administrators, and consultants to gather to discuss employee ownership. Highlights of the event included keynote speaker, Timothy Hauser of the U.S. Dept. of Labor, as well as learning from the many employee stock ownership plan (ESOP) experts who led conference breakout sessions cover the basics of an ESOP, compensation and benefits for executives, communication and culture for employees, and leadership and governance within a company.
One of the common themes I heard throughout the conference from company executives was that businesses are finding it harder to incentivize young employees with the use of retirement benefits because of how far into the future retirement looks, and by the fact that a college graduate will change jobs on average every 4.4 years throughout their lifetime. Because of this, many companies are using innovative ways to educate and motivate their employees on how to engage in and be part of the ownership culture.
Link: Employee Ownership Innovations
Publication Date: 2016-06-06