Jason Wellman

Jason Wellman

Jason, the Director of Ownership Culture, helps employee-owned companies by developing a comprehensive Ownership Culture through proactive educational resources for all participants to improve their understanding of this unique, nontraditional benefit we call an ESOP.

Recent Posts

Recruiting Advantages as an Employee Owned Company

The landscape in today’s job market for hiring companies is difficult, especially with the unemployment rate at 6%, according to the Bureau of Labor Statistics. Unemployment rates reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic. Job growth was widespread in March, led by gains in leisure and hospitality, public and private education, and construction. The rate is down considerably from its
recent high in April 2020 but is 2.5 percentage points higher than its pre-pandemic level in February
2020. 

Common Challenges of Remote Work and Four Solutions for Employees

When unforeseen changes in our country occur, like a widespread pandemic,  many employee-owned companies now have employee owners working from home. I am sure everyone has a lot of questions about how to manage a remote workforce and maintain productivity during uncertain times. 

The Steps to Launching and Relaunching Your ESOP

You’ve sold your company to an ESOP. Now what? The way in which you launch your company’s ESOP can have lasting effects on the success of the ESOP and the buy-in and dedication of the employees. It is even beneficial to complete relaunches annually. The launch and subsequent relaunches should occur in a similar sequence every time.

How to Successfully Launch Your ESOP

Over the next several weeks, we will be completing a series of blog articles on how to correctly launch and relaunch your company’s employee stock ownership plan.  This will require some strategic planning, which should not be confused with a business plan.  The major fundamental difference between the two is a business plan is about short to mid-term goals and strategic goals are about long-term goals for the company’s success. 

Four Expectations and Guidelines for Remote Employees

When unforeseen changes in our country occur, like a widespread pandemic,  many employee-owned companies now have employee owners working from home. I am sure everyone has a lot of questions about how to manage a remote workforce and maintain productivity during uncertain times. 

Tie Culture to Performance Management

Building an ownership culture begins with defining and communicating organizational purpose and values, tying them to your performance management process, and rewarding employees for their contributions. Building a People Strategy around your ideal culture will generate change.

Part 2 of a 3-part series

Ways to Develop an Effective ESOP Communications Committee

Numerous ESOP companies have an ESOP Communications Committee which focuses on providing proactive educational materials for fellow employee-owners to ensure everyone’s understanding of this unique, nontraditional benefit called employee ownership. I would like to highlight a few key factors that each committee must plan for in order to be effective in its role.

Values Drive Culture - an Ownership Culture Drives Business Results

“Live your values. If you don’t know what they are, go find out.” -Art Barter

When an organization develops a culture based on a strongly held and widely shared set of beliefs that are supported by the business strategy, amazing things happen. Based on an extensive study, employee ownership increases sales 2.3 to 2.4% per year over what would have been expected without an ESOP (Employee Stock Option Plan), reports the National Center for Employee Ownership (NCEO).

Companies With ESOPs Offer More

We have reviewed methods for transitioning your business compared to selling to an Employee Stock Ownership Plan (ESOP). One of the arguments against ESOPs is the perceived lack of diversification, because all the participants’ investments are in company stock. The National Center for Employee Ownership (NCEO) has done a great job of addressing this myth by showcasing how employee ownership can create jobs, strengthen the economy, and develop companies, illustrated in this infographic.

4 Steps to Implement a Mentoring Process

It takes a concerted effort – in time, energy, and resources – to keep good employees. One method that gets results is to establish a mentorship program. It might not be easy because you’ll need buy-in at all levels of your company, but it’ll be well worth the effort. With the potential for five generations in your workforce, a program that matches new employees with company veterans can pay huge long-term dividends.

Keep Your ESOP On Track and On Time
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