Why Businesses Should Partner With ESOP Companies
With the rise of faster technologies, cloud-based programs and remote work, the standard operating model for businesses has changed drastically in the past 20 years. One thing that hasn’t changed, though, is the positive impact that an ESOP model can have on business — a fact that is receiving increased attention.
As part of an ESOP company, the employees at Dialectic Engineering are deeply connected to the work we do because each person has a stake in every project. Not only does that result in a better work experience for our employees, but it creates an unparalleled environment for our clients to thrive. And here’s the kicker: it’s not just us. ESOP companies, like Dialectic Engineering, succeed for their partners through dependable and engaged workers, financial and holistic literacy from the entire team, and long-term approaches for financial success.
It’s quite common for companies to experience constant worker turnover due to unengaged employees. According to Gallup, companies saw an average employee engagement rate of just 36% in 2021. Because of the inherent ownership model, however, ESOP companies experience employee engagement closer to 70%.
Engaged workers at ESOP companies take more ownership of their projects. That leads to executed timelines, efficient and thorough communication, and structured and comprehensive testing and documentation.
Financial and Wholistic Project Literacy
Non-ESOP companies have a top-down approach to profits and often do not communicate company financial transparency to their workforce. This can lead to a lack of understanding of the importance of project profitability and connection to the overarching impact of daily work on the company.
In contrast, each employee at ESOP companies understands the financial ramifications of their projects because their profit share relies on the timeliness and budgeting of each project. These workers are more inclined to create better work while staying conscious of the client’s restraints.
At Dialectic Engineering, we offer a premium product. Our highly engaged and financially motivated team gives each project their full, unimpeded efforts. While not the cheapest options in town for mechanical, electrical and plumbing engineering services, our ESOP model creates an environment to produce the best work for our clients.
Because of the long-term financial motivators in an ESOP organization, business partners stand to create and benefit from high-value relationships. Employees at ESOP companies are motivated to not only execute exceptional work for the project at hand, but to also look at potential needs in the future — providing proactive assistance for each client’s lasting success.
Therefore, when evaluating potential partnering organizations, take note of both experience and repeat client relationships. If your company is looking for a new partner, we suggest looking for an ESOP organization to deliver for your business. Contact us today to learn more about how Dialectic Engineering’s MEP services and ESOP model can benefit you.