100% Employee Owned, Founded 1954

Employee Ownership in the News – One Simple Trick to Boost Employee Happiness – Give Them Ownership

We found one simple trick to boost employee happiness: Give them ownership

At Cross Company, we are proud to be 100% employee owned. Take a look at this article detailing some of the reasons that is a great thing! For example, did you know a 2018 survey by the National Center for Employee Ownership found that workers in ESOPs reported an average retirement balance of $170,326, more than twice the national average of $80,339?

Past research has shown the benefits for workers. A survey that has tracked 5,504 younger men and women since 1997–when they were in high school–found that participants who worked at companies that gave employees some ownership reported higher wages and wealth and better benefits and job quality than their peers, regardless of industry or the person’s demographics.

When interviewed in 2013–when the workers were aged 28 to 34–their wages were a third higher and their median household wealth was about double. A follow-up study in 2018 showed that the employee shareowners continued to have better jobs, benefits, earnings, and wealth.

Take a look at the full article to learn more about employee ownership and see why it’s a “win-win” for both employers and employees. 

Are you interested in a career with an ESOP? Cross Company is 100% employee owned and growing! We have a number of open positions in fields ranging from administrative to sales and engineering. Learn more about working with Cross Company and apply today!

See how our team can help improve quality, increase efficiency, and reduce risk.

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In the meantime, enjoy these fun facts…

Did you know... the precision measurement group at Cross was founded in 1939 by our current CEO's grandfather, Jim King. That's a whole lot of calibration!
Did you know... A fingerprint weighs about 50 micrograms. We know, we weighed it! The residue left from a finger can actually make a difference in weight results which is why we wear gloves when we calibrate weights. For reference, a sheet to paper is about 4.5 grams, that’s 4.5 million micrograms.
Did you know… Cross Company is an ESOP (Employee Stock Ownership Plan). Our ESOP started in 1979 and as of 2006, we are a 100% employee owned! Learn more about our ESOP and how that benefits both team members and our customers.
Did you know… Cross Company has grown significantly since our start in 1954. Over the years we've acquired 26 companies! Today, our five groups have expertise in everything from industrial automation to precision measurement, and industry knowledge going all the way back to 1939.