Are your employees financially prepared for retirement? Many are not, as a result, they outlive their savings and have to depend on others in their old age.<\/p>\n
In recognition of this reality, many owners of privately held companies choose to move toward an ESOP<\/a> transaction as an exit strategy from their business instead of selling out, going public, or shutting down.<\/p>\n These thoughtful owners choose an ESOP because, among other reasons, it allows their valued employees to keep their jobs and over time, earn beneficial value in the company.<\/p>\n Looking to learn more about ESOPs? Thinking about moving your company toward the ESOP model? Contact an ESOP Lawyer, Advisor, or Consultant today at <\/strong>ESOPmarketplace.com<\/strong><\/a><\/p>\n But the benefits of an ESOP to the employees does not begin with retirement. There is something to be said for pride of ownership. Historically, companies that have taken the ESOP route have had better employee retention and satisfaction. Why? Simply put \u2013 the employee now has \u201cskin in the game\u201d.<\/p>\n Having worked over the years with ESOP companies and having examined the statistics surrounding companies that have adopted an ESOP model, I have discovered the following to be true.<\/p>\n\n