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.