ESOPs are a great way to drive employee engagement and profitable growth. At Camilla Advisory, we have significant experience in implementing ESOPS for Companies in both Canada and the United States.
Employee Ownership Benefits Include:
» Allows employees to participate in the long-term growth of the business
» Succession planning tool
» Attraction and retention of key employees
» Recognition of past employees' contributions
» Employees are more conscious of the financial success of the company
(Financial literacy workshops for employees are available)
» Foundation for an ownership transition (3rd party sale) and founder legacy
» Source to raise capital (Financing available through chartered bank)
» A study by the National Center for Employee Ownership (NCEO) found ESOP companies had reduced turnover and received more job applications
» A NCEO study also found ESOP participants have double the retirement savings at retirement then non-ESOP retirees
» Allows employees to participate in the long-term growth of the business
Reach out to us today to see if an ESOP might be a fit for your business!