CEO Coaching International Congratulates Client Eastridge Workforce Solutions for Becoming an Employee-Owned Company
Eastridge, an international company, now offers its internal and contract employees shares of the company's stock over a three-year vesting schedule with no cost to them, making itself even more competitive in attracting a talented workforce. This ESOP offering is just one of many examples of how Eastridge focuses on growth and invests in its people first.
"When we met as a family to discuss the path forward, we had one important question in mind: What would Dad have wanted? We knew the ESOP would be a fundamental way to preserve the culture we have all worked to create at Eastridge Workforce Solutions. This is something he would have been proud of," said Adam Svet, chief executive officer of Eastridge Workforce Solutions. "We are incredibly proud of the sense of community we have built, and the announcement of the ESOP is our way of thanking our team for their hard work and dedication. My brother and I believe that offering ownership to each member of the team shows how much we believe in them, in Eastridge Workforce Solutions, and in the bright future that's ahead."
The goal of the employee stock ownership programs is to encourage collaboration, improve leadership, and increase employee job satisfaction throughout the business. According to the National Center for Employee Ownership (NECO), companies with ESOPs produce triple the retirement assets and a 25 percent higher job growth rate with overwhelmingly higher employee engagement ratings than those without them.
"CEO Coaching International is very excited for the future of Eastridge Workforce Solutions," said Mark Moses, CEO and Founder of CEO Coaching International. "We're proud to continue to coach their leadership team towards their goals as they enter this new chapter of the company's history and reap the benefits of the new plan."
About CEO Coaching International
CEO Coaching International works with the world's top entrepreneurs, CEOs, and companies to dramatically grow their business, develop their people, and elevate their overall performance. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 350 CEOs and entrepreneurs in more than 25 countries. Every coach at CEO Coaching International is a former CEO or President that has made big happen. The firm's coaches have led double-digit sales and profit growth in businesses ranging in size from startups to over $1 billion, and many are founders that have led their companies through successful eight and nine figure exits. CEOs and entrepreneurs working with CEO Coaching International for three years or more have experienced an average EBITDA CAGR of 66.4% during their time as a client, more than five times the national average. For more information, please visit: https://www.ceocoachinginternational.com