100% Employee owned and proud of it.
our pride of ownership drives our accountability.
At The Douglas Company, we're all owners. Whatever the company makes goes back to the ones who made it happen -- our employee-owners. We all have a stake in the success of every construction project that we work on. We all share in the success of the overall company through our Employee Stock Ownership Program. But we know that being an owner is not just about owning stock, it's a mindset. As employee-owners we strive to make decisions for the betterment of the company, continuously learn and grow for both ourselves and our team, and sustain our collaborative and supportive working environment. This ownership mindset motivates us to provide the best service to our clients and hit our goals, while holding ourselves and each other accountable. Every Douglas Company employee acts like they own the company -- because they do.
WHAT DOES IT MEAN TO BE "100% EMPLOYEE-OWNED"?
EXACTLY WHAT IT SAYS. OUR EMPLOYEES OWN 100% OF THE COMPANY. EVERYONE IS 100% ACCOUNTABLE AND 100% INVESTED.
let's break it down
What is an eSOP?
There are a few different ways that a company can be "100% Employee-Owned", but for The Douglas Company, it means that 100% of our company shares are part of an Employee Stock Ownership Plan -- or an ESOP.
Our ESOP is a long-term, wealth-building plan. It holds the company's stock and provides employees with benefits when they retire or leave the company. When you break it down, an ESOP is a separate trust that holds all our stock certificates. Those certificates are granted to employees at no cost. As the shares grow in value, each employee benefits as well. It's similar to owning stock in a publicly-traded company, except you don't pay anything for it, and you can help increase its value. Your ESOP account grows as you stay with the company, growing with the company and paying out when you leave as only active employees can participate.
What it boils down to is that our net income doesn't go to a small group of owners; it comes back and is shared amongst the associates that made it happen.
General Superintendent
"I enjoy working for an employee-owned company because everyone puts in 100%, and it's truly a team effort."
"Truly a team effort."
Tim Clement
Project Accountant
"Being an ESOP owner to me means the entire company works together as a team and has stronger motives to achieve success. We all succeed together!"
"we all succeed together!"
Brenda ohlinger
Project Estimator
"Working for an ESOP pushes me to work harder every day. It ensures everyone here is in alignment towards a common goal of being successful for our company and for each other."
"It pushes me to work harder every day."
Andrew sokol
employee-owner testimonials
We have it for five important reasons:
1) To share the company’s long-term success with all employees
2) To create an ownership succession plan
3) To build our culture, retain and attract the best employees
4) To maintain our Company’s independence and local ownership
5) To provide you with a long-term, wealth-building benefit
WHAT'S THE PURPOSE OF AN ESOP?
While an ESOP and a 401K have many things in common, an ESOP functions a little differently in that it's entirely funded by the company rather than the employee and the contributions are based on company performance. They're both long-term wealth-building opportunities and are beloved by our employees.
WHAT'S THE DIFFERENCE BETWEEN AN ESOP AND A 401K?
