6. Do you have an exit strategy?
7. When would you take your company public?
- 59% within 3 to 5 years.
- 41% unsure.
8. Do you currently have an ESOP in place?
- 24% have an ESOP.
- 76% do not have an ESOP.
9. To whom does the ESOP apply?
- 83% of plans are broad based.
- 17% are key person based.
10. For those companies with an ESOP, what percentage
of eligible employees joined the ESOP?
- 50% of ESOPs have 100% participation.
11. What percentage of company shares do employees
hold?
- 92% of respondents indicate 20% or less.
- 58% indicate less than 10%.
12. Have you had an improvement in the following areas
since implementing the ESOP?
- 50% of respondents note productivity improvements.
- 90% indicate an improvement in attracting employees.
- 75% say the ESOP has helped in retaining employees.
- 43% indicate an increase in sales.
- 50% indicate more competitiveness.
- 88% indicate an upsurge in employee interest.
- 57% indicate an improvement in communications.
- 17% indicate that profits increased due to the ESOP.
13. If you don't currently have an ESOP, would you
consider offering some form of ownership to employees?
- 80% would consider an ESOP.
- 85% of those would consider
a broad based plan.
14. How do you think your employees would respond to
the following statements?
- 92% felt owing stock would make their employees more
interested in the company's financial performance.
- 90% felt employees would be proud to own stock in the
company.
- 82% felt stock ownership would make employees want
to stay with the company.
- 65% felt employees would find work more satisfying.
- 75% felt employees would be
likely to work harder.
Responses to question 14 correlate closely to American
studies asking ESOP employees their perspectives on working as an owner
rather than as an employee.
THESE SURVEY RESULTS CANNOT BE USED OR
PUBLISHED WITHOUT THE EXPRESS WRITTEN CONSENT OF ESOP BUILDERS INC.
