In honor of Employee Ownership Month in October, Mathematica’s On the Evidence podcast features a special episode with Paul Decker, Mathematica’s president and chief executive officer, and Jim Bonham, the president and chief executive officer of The ESOP Association. On the episode, Decker and Bonham discuss the Employee Stock Ownership Plan (ESOP) as an evidence-based tool that benefits employees, consumers, and communities across the nation.
An ESOP is a retirement vehicle for employees that many companies use to increase employee engagement and retain talent over time. As Decker and Bonham discuss on the episode, an ESOP can be more than a nice perk companies offer their employees. Business leaders and policymakers across the political spectrum have applauded the potential of ESOPs to strengthen the middle class and keep jobs in local communities. Research even shows ESOPs help reduce gender and racial wealth gaps.
On the episode, Decker and Bonham discuss the benefits of ESOPs and challenges facing ESOPs going forward.
A full transcript of the episode is available at https://www.mathematica.org/blogs/supporting-workers-and-strengthening-communities-through-employee-ownership
Read the study from Institute for the Study of Employee Ownership and Profit Sharing within the School of Management and Labor Relations at Rutgers University that found ESOPs help narrow gender and racial wealth gaps: https://smlr.rutgers.edu/sites/smlr/files/Documents/News/rutgerskelloggreport_april2019.pdf
Read an article in The Star-Ledger about the benefits of employee stock ownership plans for reducing wealth inequality and ensuring the longevity of a business, which describes Mathematica’s experience with becoming an ESOP and quotes Paul Decker: https://www.nj.com/opinion/2024/09/nj-business-owners-need-a-succession-plan-and-workers-need-savings-we-can-solve-both-problems-opinion.html
Learn more about Mathematica’s history as an employee-owned company: https://mathematica.org/blogs/employee-ownership-is-at-the-heart-of-mathematica