In November of 2013, Transitions Group founder, Bill Jackson, made the announcement
that he and the other owners of the company were forming an ESOP (Employee Stock Ownership Plan) to reward and allow each and every person in the company to earn stock and become Employee Owners!
ESOP refers to the ownership of a business by its employees, generally through stock ownership of a corporation through an employee benefits plan. As of 2014, we at the National Center for Employee Ownership (NCEO) estimate there are roughly 7,000 employee stock ownership plans (ESOPs) covering about 13.5 million employees.
Participants in ESOPs do well. Studies found that ESOP participants made 5% to 12% more in wages and had almost three times the retirement assets as did workers in comparable non-ESOP companies.
We believe that a company of owners will outperform a company of employees and we appreciate the loyal efforts of our team. For more info on how ESOPs work and their studies click here: