There are many misconceptions about ESOP plans including that if you’re not exiting the business right now, you and your business will not benefit from an ESOP. Here is a terrific article from cnbc.com on how ESOPs helped a technology company in western MA overcome their high employee turnover by implementing an ESOP. When implemented the right way, an ESOP plan can help empower employees and has a positive affect on the overall culture of a business.
