100% Employee Owned, Founded 1954

Employee Ownership In the News – Tech Company Reduces High Turnover

A small tech company tried it all to stop employee turnover. Only one thing worked

Take a look at this story from CNBC to see how Paragus, a small tech company in Massachusetts overcame high turnover by adding an ESOP to their list of perks.

“The acceptance rate for our job offers has held steady at 98% to 99% since 2016, when we introduced the ESOP. Surveys show it is the most important benefit we offer to employees — even as unemployment dipped and the talent war heated up. Prior to the introduction of the ESOP, our acceptance rate was 90%.”

– Delcie D. Bean IV, CEO  of Paragus

Read the full article at CNBC.com

Employee Ownership In the News - Tech Company Reduces High Turnover 1

All kinds of workplace perks were not enough to stop the turnover at Paragus, a small IT services firm in Massachusetts. Its CEO had to learn how to live, and work, through the employee changes.

Are you interested in a job 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

Related Posts

Introducing a new equipment pickup route for eastern Alabama and Western Georgia! Our Birmingham location is now supporting an extended pickup area with over
September 14, 2022
It’s with a heavy heart that Cross reports the passing of our founder, Bill Cross. Bill was 102 years old and passed peacefully in
August 26, 2022