Developing a Data-Driven Process to Optimize ESOP Value and Rewards Programs
A large number of employee stock ownership plan (ESOP) sponsors are faced with complex issues relating to their rewards programs:
- Increasing repurchase obligations, recycling cost and a workforce with “haves and have nots”
- Changing workforce composition with a shrinking talent pool
- Outdated or underappreciated rewards programs
An ESOP approach can help companies design and implement rewards programs that motivate employees to do what it takes for the business to succeed. It can also be viewed as a process linking employee ownership, company spending on employment, and other rewards costs to achieving business strategies.