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.

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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.