ESCA member company, Entertainment Partners (EP), the entertainment industry’s leading provider of payroll and production management solutions, gained recognition recently for their leadership and innovation regarding employee engagement.
Every year Achievers, a company that developed specialized employee recognition software that helps companies reward and recognize their workforce frequently to reinforce key behaviors and drive employee engagement, gives out the Achievers 50 Most Engaged Workplaces Awards. This award is meant to inspire enhancements to the workplace by recognizing and championing the growth of employee-centric organizations worldwide. EP certainly meets this criteria because they are 100 percent employee-owned, meaning that all 700 employee owners nationwide are invested both personally and financially in the success of the company. Since becoming 100% employee-owned in 2004, EP has continued to thrive and expand because ESOPS foster dedication among employees which translates directly to the company’s bottom line.
EP has been able to attract the highest quality candidates, while maintaining a stable job environment because employees are engaged in all aspects of the company. Also, employee-owned companies are financially secure because they tend to experience lower job turnover and more resources can be focused on innovation, customer service and client retention. Even during the recession, EP and employee-owned companies alike, were able to create jobs and preserve existing jobs more than other businesses, according to a recent study, “An Analysis of the Benefits ESOPS provide to the U.S. Economy and Workforce.”
Another key aspect to point out is that ESOP companies also provide meaningful retirement security for their employees. The financial success of the company directly funds an ESOP trust, a qualified retirement savings plan for each employee.
“We are very proud of this recognition,” states Markham L. Goldstein, President and CEO of EP. “With a 100 percent employee-owned framework, our extraordinary levels of engagement speak not only to the dedication of an amazing team but also to the power of employee ownership. Our culture places greatest emphasis on our commitment to exceptional client service, innovative technology and empowering employees.”
EP is a good role model for companies looking to succeed in this tough economy and it is clear that engaging employees in a company can reap astounding rewards for both the company and its employees.
Congratulations to EP! You can check out the full list of Achievers 50 Most Engaged Workplaces here.