Lessons in Resilience: How ESOP Companies Maintained Employee Morale During the Great Recession
With the COVID-19 pandemic casting a cloud of uncertainty and instability over the economy, leading to record numbers of unemployment claims, you may have heard people (including us) saying that ESOP companies are more resilient in the face of adversity. It’s true. Studies have repeatedly shown that ESOP companies: Had 50% fewer layoffs than traditionally…