An Ownership Associates publication.
Last updated November 24, 2003.
This page contains the book's introduction and table of contents only.
Read the complete book online [240 KB, PDF format]
or contact us to have a copy sent to you. To download the book to your computer,
right-click on this link, then choose "Save Target As..."
This booklet is also available in a version for companies with an existing ESOP.
How do you really make ESOPs work?
With nearly three decades of data on ESOP companies, researchers have a clear answer: communications, organizational culture, participation and other "soft" issues often determine whether an ESOP is a success -- or a disappointment.
Company leaders have an obligation to ensure that the legal, financial and administrative foundations of the ESOP are solid. But they should not let those responsibilities crowd out the human side of employee ownership. The quality of the initial presentation about an ESOP can determine whether the work force reacts with enthusiasm, indifference, or cynicism.
This booklet highlights research on the psychology of ownership and employee ownership’s performance effects. It describes tools and effective ESOP-implementation strategies, as well as some common pitfalls. This booklet also introduces Ownership Associates, a consulting firm exclusively dedicated to helping companies maximize the return on their investment in employee ownership.
Table of Contents
- Research Highlights
- ESOPs and Corporate Performance
- Where Does Success Come From?
- The Psychology of Ownership
- Basic Strategies
- The ESOP as Retirement Benefit
- Stock-Based Performance Incentive
- A Key Part of the Business Model
- Common Pitfalls
- Sample Year 1 Timeline
- Ownership Associates Services
- Professional Services and Ownership Tools
- Web-Based Resources
Click to get the complete booklet in PDF format.
To download the book to your computer [240 KB, PDF format], right-click here, then choose "Save Target As..."
Available as a no-fee service from Ownership Associates.
This booklet is available in a version for companies with an existing ESOP.
