A Fulfilled Workforce Costs Less in the End –MichelsonNovember 2011
Hopkins Printing has gone even one step further by converting its Columbus, OH-based operation into an Employee Stock Ownership Plan (ESOP) back in 2007. Workers start earning company stock after just one year of service, with company profits funding the accounts. According to CEO Jim Hopkins, $1.5 million has been contributed to his workers' accounts in the past 24 months alone.
With profits lean—if there are any—for many print shops in these tough times, the above-mentioned employee perks are beyond the scope of what most companies can offer. But, it doesn't cost a lot to meet regularly with your employees to acknowledge their efforts, to sponsor an employee softball team or to provide cross-training to show that you encourage ongoing development. After all, it's the little things that can go a long way. PI
Mark T. Michelson, Editor-in-Chief