Mankato, MN -- (SBWIRE) -- 01/26/2015 -- Manufacturers' Pain Points newsletter reported manufacturing company founders shared that an ESOP (Employee Stock Ownership Plan) is often the best exit strategy for them and for the company legacy. ESOPs are not for every manufacturing company however companies with high-value employees, low debt, and solid prospects are often great matches for ESOPs. The 1974 ESOP law and later amendments were designed to encourage employee ownership. Company founders who initially sell just part of their stake and stay on as CEO say the best news comes after the deal: employees start to act more like owners. Ideas formerly kept quiet start to bubble up. Costs, once resistant to reduction, come under control more easily. The largest ESOPs include highly competitive companies like Publix Supermarkets and Gortex maker W.L. Gore Associates. As Publix CEO Ed Crenshaw recently told Forbes: "I'm always amazed that more companies don't recognize the power of associate ownership." Publix's 159,000 employees, after they have worked 1,000 hours and been there a year, begin receiving company stock through the ESOP.
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Manufacturers' Pain Points, a weekly e-newsletter, examines the pain points on the manufacturing floor, with employees, and best business practices. Leaders are looking for a competitive advantage and to create a corporate culture which achieves the company's long-term goals and success. Manufacturers' Pain Points brings important and interesting information to those in the manufacturing arena and employee relations. From best practices to industry data, this weekly communique reports trend data, process improvement, and pain points as it relates to the manufacturing sector.
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About People Driven Performance
People Driven Performance (PDP) is a software development company providing an internal, innovative, and interactive communications system for manufacturing plant floor employees. Patented combination of software and touch-sensitive employee information kiosks bring vital and important information to the plant floor in a non-desk employee environment. PDP proves that Employee Engagement results in quantifiable productivity improvement.
The impacts of improved internal communications, via interactive design, delivers an employee-centric engagement system driving improved employee retention, best-practice lean productivity, and increased bottom-line profitability.
Unlike desktop solutions promising better engagement, The PDP solution (http://www.pdpsolutions.com) is uniquely suited to on-the-move plant floor production employees ensuring a simple and straightforward way to access key company metrics and other information. The result is full participation and understanding of the functions, status, and standing of the company. Employee communication ensures a personal responsibility for well-being of management and colleagues with whom they work each day.
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