Powerful Ideas from the June Employee Ownership Conference
The 2018 Canadian Employee Ownership Conference was a great success. We welcomed 105 attendees to Edmonton, Alberta for our largest conference to date.
We asked attendees to share with us the most powerful ideas or thoughts from the conference and here is some of what they shared with us:
- Need to communicate to employees - highlight the ownership issue and not retirement
- By far the most powerful for me is the use of "symbols" - allowing shareholders to state on their emails that they are a "shareholder" or "I am an owner"; and, jackets or rings or some other type of symbol
- Our company needs to expand employee engagement
- Need to market the ESOP better within own organization
- Need continued efforts to build ownership culture
- An ESOP for all employees - Ensure that things are set-up that have the best tax advantage
- Ownership is more important than retirement planning - Shares can be split any way that works for everyone
- That each ESOP is a custom solution - Make it work for your company fit, what works for another may not always work for you
- How an ESOP morphs and changes with time
- The concept of a buyer corporation to repurchase shares from departing employees - The idea that private equity companies might be willing to partner with employee groups to provide exit for owners
- Taxation - non-standard - different implementations
- Ideas for educating employees on ESOP and keeping it front of mind
- Think more about how we use ESOP as an internal culture tool
- Tax implications of various programs to support employee participation
- The ESOP program can be flexible and can be custom made to suit both the current and potential owners
- The idea of where an ESOP can help take a company after investing in the process over the long haul - The ability for a company to shape its ESOP to help meet its vision and goals
- Communicate and celebrate the ESOP
- That the plan has to be tailored to your culture and that it can evolve
- The importance of avoiding "entitlement"
- There are a lot of private companies looking into this opportunity
Employee Ownership Video
Learn more about employee ownership, the ESOP Association Canada, and our annual Canadian Employee Ownership Conference in this short video.
A big THANK YOU to everyone who participated in the video. We appreciate your support.
Save the Date
Mark your calendar now and join us in Toronto, ON June 3-5, 2019 for the 2019 Canadian Employee Ownership Conference
September Webinar: What is Ownership Thinking?
We are pleased to invite you to an upcoming webinar on engaging employees through Ownership Thinking™ featuring Marc Lacoursiere and Perry Phillips - September 13.
Join Marc and Perry to learn how engaging employees through Ownership Thinking™ training increases accountability and profitability while teaching your employees the fundamentals of business and finance and how integrating the Ownership Thinking™ program with an ESOP will dramatically increase the value of the company and the wealth of all the employee/owners.
This will be followed by a question and answer period where you will be able to ask Marc, President of The Achievement Centre, and Perry, President of ESOP Builders, questions related to Ownership Thinking™.
Learn More and Register Here
Join our Canadian Employee Ownership LinkedIn Group
We invite you to join our LinkedIn group: Employee Share Ownership – Canada. The purpose of this group is to provide a forum where business owners and employees can read, learn, and share information about employee share ownership plans (ESOPs). We look forward to seeing you in the group!
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