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You are now entering the “lost” episode of Lost
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Employee Owners Traveling on Oceanic Transportation 101
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History of R J Martin Robert Martin Jr. founded the company in 1987 He started the business in his garage, with one employee
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Today, R J Martin: Employs over 150 employees Is recognized as one of the largest non- union electrical contractors of Northeast Ohio Has jobsites throughout Northeast Ohio and throughout the nation
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Industrial and Institutional
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Commercial
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History of the ESOP ESOP begun in 2002 Employees will own 49% Currently they own 11% of the 49%
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ESOP Communication Committee Consists of six employee owners Serve approximately two years Composed of both field and office employees Selection of committee members is through advertisements in newsletter and postings at events and on jobsites
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Committee Mission Improve two-way communication between field and office
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Committee Mission (Cont.) Inform all employees at every level about the ESOP, the structure of the company, the personal benefits of the ESOP, and the impact employees have on the value of the stock
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Committee Mission (Cont.) The ESOP Committee will do this so the company can continue to be profitable
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Monthly Publication “Livewire” Created strictly as MS Word Document Published most months Distributed in paychecks and email
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Communication Boards Standard cork board Located on jobsites Ask foreman to help in posting newsletters, event memos, and policy letter changes
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Recap events through collages
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That is all the Committee did!
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They organized events…
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Her ideas: Invite employee owners to attend monthly committee meeting to see what they are planning Get committee member to visit jobsites Start an ESOP library Create an ESOP Hotline
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More of her ideas: Steal other companies ideas Bring in other area ESOP companies to speak at your events At every company social event spend 10 minutes discussing ESOP 101
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Personal Motivation Doesn’t Cost Anything
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