Mar 27, 2020
The number of Employee Stock Ownership Plans (ESOPs) have expanded since they were established as qualified retirement plans in 1974. ESOPs can benefit both the organization and employees including team members receiving significant retirement benefits at no monetary cost to the employee. Research shows ESOP companies are more productive, faster growing, more profitable and have lower turnover.
My guest for this episode is Jeff Jamerino, President and CEO Superior Electric Great Lakes Company. Jeff led conversion of the organization from a single shareholder to a 100% ESOP which has had a profound impact on the success of the organization and engagement of team members. Listen in as Jeff shares lessons learned in the transition along with insights into building a family-centric culture that drives engagement and retention in a highly competitive industry.
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