This October, Dynamic Tool & Design, Inc., along with The ESOP Association and the employee ownership community, will be celebrating Employee Ownership Month, which is a tribute to the incredible spirit of employee ownership.
Employee Ownership Month is an opportunity for ESOP (employee stock ownership plan) companies across the U.S. to educate employee owners and the public about the tremendous benefits of ESOPs. Companies celebrate with picnics for employee owners, roundtable discussions with local public officials, and award ceremonies to honor outstanding employee owners.
“To celebrate Employee Ownership Month, Dynamic Tool & Design will host a chili cook-off among all of the employees. The cook-off is a fun opportunity to gather and celebrate our success over the past year. We will also unveil criteria for a new annual award. The award will recognize one outstanding Dynamic employee and will be presented next October during Employee Ownership Month.” explains Craig Lau, Vice President.
Employee ownership facts:
- There are approximately 10,000 ESOPs in place in the U.S., covering 10.3 million employees (approximately 10% of the private sector workforce).
- The 23rd Annual Economic Performance Survey conducted in 2014 by the Employee Ownership Foundation found:
93% of survey respondents reported that creating employee ownership through an ESOP was ‘a good business decision that has helped the company.’
70% indicated revenue increased
64% of companies indicated they have created an ESOP education program or ESOP advisory committee since establishing the ESOP.
76% of respondents indicated the ESOP positively affected the overall productivity of the employees.
For more information on ESOPs and Employee Ownership Month, please visit The ESOP Association’s website at http://www.esopassociation.org/advocate/employee-ownership-month.
Founded in 1976, Dynamic Tool & Design, Inc. is a 98% employee-owned company that designs and builds plastic injection molds, and is a member of the Washington, DC-based ESOP Association, as well as Wisconsin chapter of the Association.