In The War For Talent, Want An Advantage In Recruitment And Retention?

Why do employee-stock ownership plans enjoy an advantage over non-ESOPs in recruiting and retaining talent? Just check out the website and social media of Hypertherm, an employee-owned S-Corporation. The Hanover, N.H., global maker of advanced industrial cutting systems has been an ESOP since 2001 and 100% associate-owned since 2013 – and maintains that employee ownership drives its success.

You’ll see associates, which at Hypertherm all employees are termed, such as material handler Devon. She stands proudly with her tattooed arms folded together, touting that she’s not just an employee, but an owner. On the job-openings page, machine operator Jared M. exclaims, “Ownership means I matter.” Assembler Naomi S. explains,

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