It is a plan to make
the employees part owners of the company by allowing them to purchase shares of the company.
Not exact matches
Meanwhile, as the industry continues to grow, «it can be tough to carve out your own niche,» concedes Soles, an early
employee and now
part -
owner of the now 450 - person
company.
In a conference call with Tribune Publishing
employees, held the day the investment was announced, Ferro, who is also
part owner of the Chicago Sun - Times, promised to take an active role with the
company, saying he was putting his reputation on the line.
As a
part of the ROBS structure, your new
company must sponsor a retirement plan, which all eligible
employees may participate in, including the
owner.
Studies
of employee ownership in the U.S., where this idea is a major
part of the economy, show that
employee owners are one - third as likely to be laid off as
employees in conventional firms and the
employee ownership
companies add about 2.5 % more jobs per year than would have been expected absent
employee ownership while providing 2.5 times the total retirement assets.
Customer Service — Finally, NGL is actually known for their friendly customer service and the
employees at the
company even take
part in charity drives regularly which shows the type
of business the
owners are trying to promote.