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In this Issue
- Canada's SME Employers Share a Passion for Growth
- A New Vice President for EBI
- Five Areas of Opportunity for ESOPs in 2019
- Client Spotlight: Fiasco Gelato
- Briefly Speaking: Parsons & Mayville Engineering IPOs Set
Notable Quotable
"One of the keys to leadership is recognizing that everybody has gifts and talents. A good leader will learn how to harness those gifts and talents towards the same goal."
Ben Carson Author of Think Big
Canada's SME Employers Share a Passion for Growth
- By Diane Jermyn, Special to The Globe and Mail
Job creation is at the heart of Canada’s Top Small and Medium Employers (SMEs) 2019. That’s good news for job seekers and the Canadian economy – the SME sector is responsible for more than 95 per cent of new jobs in Canada over the past decade.
It’s encouraging to see how many of these top SMEs added new jobs last year, often growing at an incredible pace. Some outstanding examples include Toronto-based Fleet Complete, a provider of fleet and mobile resource tracking, which increased its full-time work force by more than 40 per cent, and R.F. Binnie & Associates, an employee-owned and managed engineering firm in Burnaby, B.C., whose work force increased by more than 38 per cent, resulting in more than 50 new full-time positions. ... [More...]
A New Member of the EBI Team
EBI would like to announce that Joanna Phillips has joined EBI in a permanent capacity as Vice President. She commenced her role in early May.
Joanna is a Certified Human Resources Leader (CHRL) and holds an Honours Degree in Business Management Specializing in Human Resources from Western University.
Since graduating, Joanna has worked with various companies in a wide range of industries such as healthcare, insurance, supply chain/ logistics, and marketing. She has excelled in all her roles within Human Resources and has been a trusted guide and advisor to business leaders to ensure continued success of the company.
Joanna’s main areas of focus have been talent management and strategy, including succession planning, employee relations, health and safety, and disability management. However she has also gained experience within labour relations and compensation strategy.
Please join us in welcoming Joanna to the EBI team!
Five Areas of Opportunity for ESOPs in 2019
- By Mitchell Miller, consultant with the Beyster Institute
Employee ownership in the U.S. grew steadily for many years, and has now plateaued in an age of opportunity. This article discusses the following five opportunities for employee ownership in 2019:
- A bubble of retiring business owners
- Younger employees seek more than just pay
- The rise of conscious business practices
- Main Street Employee Ownership Act
- It is a good time for business owners to diversify, and ESOPs are flexible buyers
It is relevant to review a short background of this topic prior to discussing these opportunities. ... [More...]
Client Spotlight
ESOP Builders’ client Fiasco Gelato based out of Calgary, AB, is taking a progressive and focused look at what makes an individual successful at this ESOP company.
Employers are constantly challenged to find “top” talent in a competitive world. Fiasco showcases what “top” means to them in their “10 things that require zero talent” list communicated as part of the Company’s culture. These are intrinsic traits; they are not learned in school, nor letters at the end of your name on a business card. These traits are part of a person’s beliefs and values, and are what they live their lives by.
Fiasco Gelato Ltd.
www.fiascogelato.ca
Briefly Speaking
- from NCEO Newsletter
Parsons Corporation, a 100% ESOP-owned engineering company with 16,000 employees, has set the terms for its IPO. The ESOP will continue to own 80.8% of the shares. The offering is expected to raise over $500 million. Meanwhile, Mayville Engineering, a 100% ESOP-owned metal fabrication company with 3,100 employees, has started its own IPO process, expecting to raise $125 million. The two IPOs are the first by majority ESOP-owned companies since the 1990s.
All the Canadian ESOP Guildance You Need in One Book
ESOPs in Canada: How to Implement an Employee Share Ownership Plan to Grow and Exit Your Business with Your Legacy Intact is a comprehensive and practical guide to every aspect of designing and implementing an Employee Share Ownership Plan in Canada.
“This is a must read for those business owners thinking about exploring the notion of employee ownership and discovering that “skin in the game” for those on the front lines of leadership is a secret weapon to surpassing your wildest dreams and forecasts! It is magic”
~ Doug Flynn, CEO, Flynn Group of Companies
More information and order details here
Upcoming ESOP Events
See ESOP Builders events page for details on upcoming ESOP events.
Canadian ESOP and Ownership Thinking Books
ESOPs in Canada: How to Implement an Employee Share Ownership Plan to Grow and Exit Your Business with Your Legacy Intact (2015) by Perry Phillips and Camille Jensen. Buy this book on Amazon or FriesenPress.
The $10 Trillion Opportunity: Designing Successful Exit Strategies for Middle Market Business Owners: A Guide for Professional Advisors - Canadian Edition (2007) by Perry Phillips and Richard E. Jackim. Buy this book on Amazon.
Dr. Carol Beatty's book, Employee Ownership: The New Source of Competitive Advantage (published by Wiley and Sons 2001 - ISBN 0-471-64641-5). Buy this book on Amazon.
Brad Hams' book, Ownership Thinking: How to End Entitlement and Create a Culture of Accountability, Purpose, and Profit (published by McGraw-Hill 2011- ISBN-10: 0071772456 - ISBN-13: 978-0071772457). Buy this book on Amazon.
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