Employee Stock Ownership Plan
RESPEC is proud to offer employees participation in our Employee Stock Ownership Plan (ESOP). As a 100% employee-owned company, we leverage our collective know-how to deliver world-class solutions. By offering equity ownership in the firm through ESOP, we empower our employees to differentiate RESPEC’s products, services, and solutions.
ESOP companies are 25% more likely to stay in business
Employees at ESOP companies receive 5-12% more in wages
Return on Assets
ESOP companies see average yearly post-ESOP improvement in Return on Assets of +2.7%
ESOP companies have 25% higher job growth over a 10-year period
ESOP companies increased sales by about 2.3-2.4% per year
Larger Retirement Funds
Employees at ESOP companies have 2.5x greater retirement accounts
Working for an ESOP company provides more benefits than just a retirement account. Employee ownership brings economic power—take RESPEC’s 50-year history and successful growth record as proof.
We are proud to retain employees through full vesting and beyond. When an employee reaches full vesting in the ESOP, we celebrate the milestone with a symbolic vest. Our pride of ownership is shared by each employee and acts as a continual reminder that we work together and for each other.
"As an employee owner, I know that our efforts benefit me and those around me. I feel a deep satisfaction knowing that what I am doing is building a future for my team, not an outside stakeholder."
Eric Krantz, Project Engineer
"Our ESOP is a great example of RESPEC's passion, accountability, care and teamwork. My pride of ownership is demonstrated through my dedication to my work, and RESPEC invests the profits from my hard work back in me."
Amy Hasvold, Strategic Programs Manager
"I benefit from being part of an ESOP company because RESPEC is looking out for my future. In this day and age, that means a lot to me and my family."
John Kerwin, Manager