ESOP Company News Edition

The following news from ESOP Association members ran in the April 2015 ESOP Report and we wanted to share with readers here. If you have ESOP company news to share, please send an email to media AT esopassociation.org.

Gibson Named Best Places to Work in Indiana for Third Consecutive Year

Gibson-Insurance-Logo-300x116Gibson, an ESOP Association member, was recently named as one of the 2015 Best Places to Work in Indiana.  The statewide survey and awards program is designed to identify, recognize, and honor the best places of employment in Indiana, benefiting the state’s economy, its workforce, and businesses.  The 2015 Best Places to Work in Indiana list of 100 companies is made up of four different size categories.

Companies from across the state entered the two-part process first by evaluating each company’s workplace policies, practices, and demographics.  This part of the process was 25% of the total evaluation.  The other 75% consisted of an employee survey to measure the employee experience.  The combined scores determined the top companies and the final ranking.  An independent firm, Best Companies Group, managed the process, analyzed the data, and used their expertise to determine the final rankings.

Gibson will be recognized at the Best Places to Work Awards Dinner in May. Gibson is a 100% employee-owned (38% ESOP), regional insurance broker and risk management services firm with offices in South Bend, Plymouth, Indianapolis, and Fort Wayne, Indiana.

 

Schweitzer Engineering Laboratories and National Association of Manufacturers Honor Congresswoman McMorris Rodgers

On March 10, 2015 the National Association of Manufacturers (NAM) awarded Congresswoman Cathy McMorris Rodgers (R-WA) the NAM Award for Manufacturing Legislative Excellence at an event hosted by NAM member Schweitzer Engineering Laboratories in Pullman, Washington.

“American manufacturing is critical to the strength of our nation’s economy,” said Edmund O. Schweitzer, III, president of Schweitzer Engineering Laboratories. “We applaud Congresswoman McMorris Rodgers’ efforts in support of a free, flat, and fair environment that enables manufacturers to grow, create jobs, and keep ahead of global competition.”

“Contributing almost 290,000 jobs to Washington state, manufacturers help grow our local economy from the bottom up,” said Congresswoman McMorris Rogers. “As a representative of the most trade-dependent state in the nation, I am proud to support this innovative, expanding industry that strengthens our opportunity economy. Our exports are critical to men and women across the state, and manufacturers understand that better than anyone.”

You can see more on the company’s Facebook page.

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SEL Employee Owners Share Experiences with Illinois Congressman

On June 5, 2014, Schweitzer Engineering Laboratories, Inc. (SEL) employee owners shared their perspectives on company ownership with Congressman Peter Roskam (R-IL) when he visited the company’s Fault Indicator and Sensor Division in Lake Zurich, Illinois.

This is Congressman Roskam’s second visit to SEL’s Lake Zurich facility. Last year, the Congressman toured the manufacturing floor and learned about SEL and the products and services it provides for power systems around the world. This time he watched a distribution automation smart grid demonstration and spoke with some of the 95 employee owners about the company’s ESOP.

Senior Manufacturing Supervisor Jose Perez, who has been with the company for nearly 25 years, said when SEL became employee-owned he went from just having a job to being an owner. Human Resources Generalist Linda Coleman, an employee for more than 29 years, noted she works with happier people in an employee-owned company, calling the retirement security “a blessing.”

Congressman Roskam indicated his strong support for ESOPs, which can help employees save for retirement, and Roskam encouraged those in attendance to continue talking about the benefits of ESOPs with their coworkers.

Thanks to SEL for sharing this news with the Association.

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Schweitzer Engineering Laboratories, Inc. Named 2014 Better Workplace Award Winner

Schweitzer Engineering Laboratories, Inc. (SEL) located in Pullman, WA, received a 2014 Better Workplace Award from the Association of Washington Business (AWB). Pictured: Stacey Doty, SEL Director of Human Resources and Luis D’Acosta, SEL Chief Operating Officer accept the 2014 AWB Better Workplace Award.

SEL Accepts AWB Award

AWB’s Annual Better Workplace Awards recognize member companies that provide a family-friendly work environment, promote safety, and enable employees to achieve their best. Awards are presented to companies that demonstrate innovation in workplace safety, job training and advancement, and benefit and compensation programs.

SEL received the award in the Innovative Benefits/Compensation category and was selected based on the company’s imaginative employee benefits, including the decision to locate a new manufacturing facility closer to where the employees live and the soon-to-open employee child-care center. In addition to SEL’s ESOP, the company also offers an on-site health center staffed with an advanced nurse practitioner, and a wellness program complete with a workout facility and trained staff. The company also offers monthly education benefits and adoption assistance, in addition to more traditional benefits, such as healthcare insurance, paid personal leave, a 401(k) retirement savings plan, and others.

“It’s exciting to be recognized for the Innovative Benefits/Compensation award,” said Stacey Doty, director of Human Resources. “We strive to provide exceptional benefits, and this award acknowledges that others see value in what we are doing, and that makes us proud.”

SEL was among five companies to receive an award from AWB, which is recognized as Washington’s state chamber of commerce, manufacturing, and technology association, and represents 8,100 private employers from across the state.