J.B. Steel has extended ownership to their employees by way of an Employee Stock Ownership Plan. In addition to helping create financial security for employees, the plan is designed to encourage and reward increased employee productivity and efficiency. According to The Menke Group, a 5 or 10 percent increase in individual employee productivity can result in increasing company profitability by 50 percent or more. The ESOP creates a direct link between employee productivity and employee benefits, and nurtures a collaborative culture where the employee-owners and the bottom line can thrive.
Read more: http://www.digitaljournal.com/pr/3074335#ixzz4N4nfGgDV
Source: JB Steel becomes 100% employee owned – Press Release – Digital Journal
