Employee Stock Ownership Plans hold over $1.6tn in assets and can make a more profitable company and a better place to work
, employees who have equity in the companies they work for report 33% higher median income, 53% longer median job tenure and 92% higher household net worth. Employers say their profit margins are 8.5% higher and that they are three to four times more likely to retain staff. In short, employees love having a piece of the pie and they show that gratitude by working harder and staying longer.
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