Talent, Retention, Ownership - An ESOP Trifecta
In a recent Forbes article, consulting firm Point B's CEO Mike Pongon discusses his experience as a second generation leader of a 100% ESOP owned company. Darren Dahl, contributor to Forbes magazine, interviewed Mike to learn about how its ESOP has contributed to its business and talent. Point B became 100% ESOP-owned in 2014 after started the ESOP as a 20% owner in 2008. Its 560 employees share in a valuable plan that benefits directly each participants' individual productivity. Mike, also reflects on the owners' original reasons for creating broad based company ownership and the impact it has had on attracting and retaining top talent. To read about a professional services company that has created a culture of involvement and talent using its ESOP, click on "What Happens The Consultants Own The Business."