Instead of joining the Great Resignation, workers at these companies say they’re staying put and reaping rewards.
Felimon Chairez, left, 53, a field worker at McKay Nurseries grades and counts black choke berry shrubs on Jan. 20, 2022 in Waterloo, Wisc. Chairez has $660,000 in his retirement account because he is a part owner of the company, where he has worked since 1990.andA record 4.5 million Americans quit their jobs in November, the Bureau of Labor Statistics recently reported, evidence of a deep disaffection among workers across the nation. And in December, 4.3 million workers walked out.
“It’s hard for the working middle class to build real wealth only from wages,” said Joseph R. Blasi, a professor at Rutgers University and director of its Institute for the Study of Employee Ownership and Profit Sharing. “This structure provides workers with a second income by having an ownership holding in the company.”National Center for Employee Ownership
“Your young people stay interested,” he said. “They’re not as tempted to go out and be an entrepreneur because they can be an entrepreneur at their own desks every day.” Tim Jonas, McKay’s chief financial officer, said the structure encourages workers to perform more efficiently. Since it became employee-owned in 1984, McKay’s has added two locations in the state and its expenses have declined.
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