The ESOP Advantage

With all the discussion about workforce issues, one interesting tactic has surfaced in recent research. Organizations with employee stock ownership plans (ESOPs) report that their voluntary quit rate among employees is one-third of the national average according to a 2023;analysis (see;Research On Employee Ownership).;

An ESOP is an employee benefit plan that enables employees to own part or all the organization they work for;(see ESOPS).;In an ESOP, a company sets up a trust fund, which then purchases shares of the organization’s stock. These shares are allocated to individual employee . . .