Celebrating Employee Ownership

10/13/15 | 8:00AM | Posted by Kathryn White

CATEGORIES: News, Owners' Manual



Every October, TEAM Software and other members of the ESOP Association celebrate employee ownership month. This month is “a tribute to the tremendous spirit of employee ownership,” according to the ESOP Association.

TEAM became an employee-owned company in 2007, meaning, as “employee-owned” suggests, that each employee owns stock in our company. Employees have a vested interest in the long-term success of our business, so we think and act like owners. This ownership attitude is an integral part of TEAM. It drives our unique, collective culture. We expect our fellow owners to be engaged and innovative by bringing their best every day, and we hold each other to the high standards that enable us to be successful.

“I celebrate employee ownership because to me it’s about being a part of something rare and special,” said Pasha Ostby, Human Resources Manager at TEAM, “I take a lot of pride in being an employee owner, because it represents an intangible reward that I receive each and every day; I have the privilege to do what I love and I get to see how my energy and passion directly impacts the lives of customers and my fellow employee owners every day.”

The benefits of employee ownership don’t just stay at TEAM. They go beyond our office walls to impact our customers and our community. Because employee-owned companies are more productive and have higher job and sales growth, according to research from the National Center for Employee Ownership (NCEO), TEAM can sustainably provide better service and solutions to our customers into the future. And, our clients have noticed the employee-ownership difference: “TEAM Software customer service appears to me to be Job One. Part of that comes from the employee ownership, which is something that was also of interest to us because everyone truly has a stake in the success of TEAM Software,” said Sita Morantz, President and Chief Administrative Officer at Marsden Holding.

This is a cause for celebration, and we do so with fun activities, educational opportunities and care for the community. Throughout October, we hold events like potlucks, Putt-Putt and other games to team build and have fun. We invite experts to speak about our ESOP plan and other aspects of employee ownership. And, we hold a food drive for a local foodbank – last year, we raised over 2,000 pounds of food.

This is one of our favorite months out of the year as we celebrate employee ownership and its positive impact.

Learn more about employee ownership:

The ESOP Association

The infographic below by the NCEO

The Economic Power of Employee Ownership

Kathryn White