PeopleTec's ESOP started in 2016 when leadership made the strategic decision to become an ESOP to maintain its people, values, and culture. An ESOP encourages employee interest in the company, which increases employee investment and innovation. In turn, employee ownership creates a unique culture that allows the company to continue to be successful. Performance drives PeopleTec's stock value and the value of employee ownership.
Celebrating Employee Ownership
What is an ESOP?
An Employee Stock Ownership Plan (ESOP) is a tax-deferred retirement benefit that credits the value of shares of PeopleTec stock to an individual account.
What are the benefits of an ESOP?
Research shows that ESOP companies are more productive, faster growing, more profitable, and have lower turnover. An ESOP encourages employee interest in the company, which increases employee investment and innovation. In turn, employees create a unique culture that allows the company to continue to be successful. Performance drives PeopleTec's stock value and, therefore, the value of your ESOP account as an employee-owner.
Why did PeopleTec choose to become an ESOP?
PeopleTec's leadership made a strategic decision to become an ESOP to maintain its people, values, and culture; instead of a possible acquisition that loses culture.
