Symbiont Service Corp Is Now Employee Owned: Part 2
We explain some of the benefits of employee ownership through ESOPs.
Recently, we made a blog post about employee ownership through stock options. We believe ESOPs are the way forward for our company, so today we’ll dive deeper into the topic. There’s a lot to go over, but by the end of the video, you should understand the basics of what ESOPs do to help a company and its employees.
You can listen to the full presentation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:13 — Philip Hayes and John Burgess on why ESOPs work
1:29 — Duwayne Keller is now on Symbiont’s board of directors to help with ESOPs
2:34 — An ESOP committee will make sure things are going well
3:43 — ESOPs are a retention incentive
4:26 — Employee ownership will make Symbiont’s culture even better
4:54 — Wrapping up