Participation Up and Down the Organization: Where, Why, & How Vermont Employee Ownership Center 2012 Conference Burlington, Vermont June 8, 2012 Alex Moss | Praxis Consulting Group Jane.
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Transcript Participation Up and Down the Organization: Where, Why, & How Vermont Employee Ownership Center 2012 Conference Burlington, Vermont June 8, 2012 Alex Moss | Praxis Consulting Group Jane.
Participation Up and Down the
Organization:
Where, Why, & How
Vermont Employee Ownership Center
2012 Conference
Burlington, Vermont
June 8, 2012
Alex Moss | Praxis Consulting Group
Jane Moss | Hypertherm
Michael Allan | Gardeners Supply
Goals
What do we really mean by “employee
participation”?
By whom, in what decisions, through what
structure, with what support, etc.
2 case studies – neither one is calling itself
the “right answer,” but lots of good
experience
Discussion
What are you already doing that we can learn
from?
What are we learning about what works?
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ESOP Governance
Shareholders
ESOP
Fiduciary
Committee
Individual
Owners
ESOP Trustees
select
are
represented
by
ESOP
Participants
elect
Board of Directors
appoint and oversee
CEO / President
hire and oversee
Leadership Team
when meet
eligibility
requirements
hire and oversee
ESOP
Communications
Committee:
Promote
Ownership
Employees
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Company Case Study Introductions
Your basic business
You yourself – your job, how long you've
been there and how you got there, the
different roles you've played
Your ESOP – how old, what percent, how
meaningful is it to employee-owners
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Your Experience So Far: Quick Examples
What's working best so far? Why?
Imagine that it’s 3 years from now and things
are working just the way you want – what is
different?
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Participation: Shop Floor
How do employees participate in *shop floor*
decision making?
Examples
Structures
Successes
Challenges
Training & support
Future evolution?
Do you have an ESOP Communications /
Education Committee?
What decisions do they make?
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Participation: Management Decisions
What decisions are typically made by
management?
Is there employee participation in
Strategic planning
Major equipment purchases
Hiring/firing
Others?
What training and support is needed?
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Participation: Board of Directors
Do employee-owners vote for the Board?
Is there an employee rep?
How are they selected
How long do they serve
What have been the benefits?
Any downsides and how did you handle?
Do employees have an opportunity to meet
the Board?
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Participation: ESOP Trustees
Who are your Trustees?
Do employees have a voice?
Have you ever had a "pass-through" vote to ESOP
participants?
How did it go, what did you learn?
Do any employees serve as Trustees?
Management or non-management
Training & support
Managing perceived conflicts
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Impact
In what ways have these different forms of
participation actually helped your company
succeed & sustain itself?
Cost savings?
Sales growth?
Improved profit & stock value?
Morale?
Better feeling of connectedness / reduced
turnover?
Better health and safety record?
Better corporate citizenship?
Other ways in which people have benefited?
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Speed bumps
At what points have you gotten off track?
How, what happened?
How did people respond?
Were you able to turn it around positively, how?
What did you learn?
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Recommendations
What are your top recommendations – things
you would do now, if you were starting from
scratch, or things you wish you could do?
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Questions
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Contact Information
Alex Moss
Praxis Consulting Group, Inc.
215.753.0304
[email protected]
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