60 MINUTES’ Post

Kudos to KKR & Peter Stavros for investing in workforces and empowering them to grow with the company. Private Equity firms follow a simple formula. Buy “Company X”, strip it down to the bare bones and resell for a profit. KKR’s purchase and ultimately sale of a garage door company in Central Illinois is an incredible story employee empowerment. I encourage you to read or watch the 60 Minutes piece linked below. #privateequity #employment #kkr #empowerment #ownership https://lnkd.in/eQGB5bc9

At Haviland, our Employee Stock Ownership Plan (ESOP) is more than a benefit— it's the foundation of our #culture. See how ESOPs like ours can lead to greater employee engagement and financial stability in this article from Crain's Detroit Business. We’re proud to share our journey and the tangible benefits of #employeeownership.   #EmployeeOwned #ESOP

Here's a link to a story about my organization's parent company which was recently featured on 60 MINUTES. #ownershipworks #employeeownership To tie to my own experience... Early in my career at Parker Hannifin, a storied US-based international manufacturing conglomerate, I learned the value of employee profit sharing as relates to getting everyone in the organization tuned-in to market performance. As I was morphing out of the Finance department and into Operations, I'll never forget a conversation I had with a team in a machining cell on the plant floor. While doing a 5S event, we uncovered a YEAR'S worth of gloves and other supplies in a cabinet within the cell. We started asking some "whys?" and ultimately it was because there were times in the past when this team went in search of gloves in the central supply area and there weren't any to be found...so they started hoarding to ensure they could safely perform their duties when they needed to...they wanted to take care of the customer by producing what they needed when they needed it. We quickly started to collectively discuss, "...geez, if everyone does this we'd have years' worth of unneeded, expensive supplies when we didn't really need them...that's a lot of spent money that could have otherwise gone into the quarterly profit sharing pool." The best part to me was when a new person on the team said something along the lines of, "Yeah, I would never buy a year's worth of toilet paper at home - that would be crazy!" We worked together to solve the problem by better managing demand / usage and replenishment processes thus eliminating the drivers for hoarding. Brilliant. While that anecdote and profit-sharing program at Parker were impactful to me, I am re-energized to be part of this American-led, capitalistic & social experiment at KKR and Kito Crosby. The potential benefits of employee ownership at all levels could just be a real lever to help reverse wealth-gap trends that keep so many in economic discomfort. #kitocrosby #RAISE https://lnkd.in/gmHsDV3R

There is a fair amount of debate about the motives and practices behind big PE’s embrace of shared ownership strategies. While I will advocate for employee ownership models that ensure benefits for employees into perpetuity, I can agree that redirecting some of the transaction upside to all employees is better than nothing. What’s clear amidst the debate is the positive impact of employee ownership on business. From boosting morale to enhancing productivity, the benefits are measurable and we need more of it. #BusinessStrategy #EO #sharedownership #impactinvesting

CDI's Rob Brown presented at the recent Vermont Employee Ownership Center Conference about the benefits and limitations of employee-ownership as an exit strategy for business owners. Learn about the process starting from initial exploration through deal structuring, financing, and post-transaction support. Watch the recording of his full presentation here: https://lnkd.in/etN_qmDm Vermont Employee Ownership Center #employeeowned #smallbusiness #workerowned #cooperatives #exitplanning #successionplanning

Peter Stavros of Potter Global Technologies ownership firm, KKR, sat down with 60 MINUTES to discuss the exciting and unique approach to #EmployeeOwnership. In this segment, Pete, and Potter employees, discuss the benefits of the program and what it means for employees at every level. Ownership Works!

How's that exit strategy going? You know, that thing. Some call it a succession plan. Others, an exit strategy. Is it just part of your last business plan, if you have one? Most don't actively work on their exit strategy, and some do not work out. Plan A didn't work. No takers. Plan B didn't either. You don't have all the information, though, if you have not considered exiting to your employees. What?!?! https://www.wiceo.org/ for more information that is at no cost to you. #exitstrategy #employeeownership #employeeowned #employeeownedcompany #esop #workercooperative #eot #employeeownershiptrust #cooperatives #powerofemployeeownership #employeeretention #economicdevelopment

Strategic Benefits & Empowering Employees: Learn how one organization fosters a culture of ownership and excellence through its unique Employee Stock Ownership Plan. - Discover how employees at The Connor Group are incentivized to excel and rewarded with equity, aligning individual success with company growth. --- Employee Benefit News Paola Peralta . . . #EmployeeOwnership #CorporateCulture #EmployeeBenefits #Benefits

Our mission is simple: more employee-owned companies in Wisconsin, preventing employers from closing, retaining these businesses in our communities, and providing an exit strategy for a founder or family business owner with no solid successor. Yet. Win. For the community. Win. For the employees. Win. For the current owner(s) who need successors. www.wiceo.org #exitstrategy #employeeownership #employeeowned #employeeownedcompany #esop #workercooperative #eot #employeeownershiptrust #cooperatives #powerofemployeeownership #employeeretention #economicdevelopment

Most employers would love to give their employees a generous raise, but may not have a plan in place to do so equitably. One of the benefits of partnering with IronRoad, is a customized approach to help you create a Raise Policy that fits your company's budget and culture. Read our article below for insight on How to Create A Raise Policy.