Five Key Advantages to Working at an Employee-Owned Company

Higher job satisfaction and security are just two reasons that getting hired at a company with an Employee Stock Ownership Plan, or ESOP, could be a good career move.

A smiling employee talks to her happy colleagues during a meeting in a conference room.
(Image credit: Getty Images)

Editor’s note: This is part one of a six-part series in which Peter Newman, CFA, of Peak Wealth Planning, explains the benefits of employee ownership for the U.S. workforce. There are more than 6,500 Employee Stock Ownership Plans, or ESOPs, in the U.S. covering almost 14 million employees. Part two of the series, about ESOP basics for employees, will arrive Oct. 11.

2021 was the year of the “Great Resignation,” a phenomenon where a significant number of employees voluntarily left their jobs in search of better work conditions and increased job satisfaction.

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Peter Newman, CFA
President, Peak Wealth Planning, LLC

Peter Newman founded Peak Wealth Planning, LLC in 2014 to provide financial planning and investment management for individuals who built their wealth through ESOP participation, business ownership or real estate investing. He helps families diversify their concentrated stock, reduce estate taxes, preserve wealth and generate stable retirement income. Peter holds the Chartered Financial Analyst designation, considered by many to be the gold standard for investment management.