IDR has been an employee-owned organization since 2010, distributing company shares with vested team members at every level. We’ve seen the benefits in every aspect of the company, from momentum and commitment to productivity and culture. It’s time to test your knowledge of all things ESOP!
Not enough! Data from the National Center for Employee Ownership (NCEO) shared that in 2024, only 6,322 companies across the whole nation offered an employee stock ownership plan.[1] Additional data reveals that though the number of plans has decreased, the number of participants has increased. What does that tell you? An ESOP is a long-term financial benefit that employees seek, but not enough employers offer.
Absolutely! Surveys revealed that 91% of ESOP team members believed they could live comfortably in retirement. Contrast this with only 49% of those without an ESOP.[2] At IDR, we offer both an ESOP and a 401k, stacking employee benefits sky-high.
In most cases, yes! According to NCEO’s latest numbers, the mean contribution from ESOP companies was 2.6 times higher than the mean contribution of traditional 401k plans offered at similar companies.[3]
Research conducted by the Rutgers School of Management and Labor Relations and the Employee Ownership Foundation shows that employee-owned organizations are three to four times more likely to retain staff, and only 26.9% are likely to make pay cuts (vs. standard 57.3% of traditional companies).[4]
Absolutely! In the initial year of ESOP implementation, average productivity typically improves by 4 to 5% across the board.[5] Higher productivity results in positive company outcomes and more good things a thriving company needs: higher client satisfaction, employee morale, bigger commissions, better salaries, etc. It’s all wins here!
Find your next IT role with IDR! You’ll find every position you could imagine nationwide, including in-person, remote, and hybrid roles. Reach out to a recruiter today and take the first step to a better future.
Sources:
[2]https://butcherjoseph.com/blog/business-sale/10-key-facts-about-employee-stock-ownership-plans-esops
[3]https://www.nceo.org/article/key-studies-employee-ownership-and-corporate-performance
[4]https://www.nceo.org/article/research-employee-ownership
[5]https://butcherjoseph.com/blog/business-sale/10-key-facts-about-employee-stock-ownership-plans-esops