Butler/Till is excited to share that we have become a founding member of Certified Employee-Owned (Certified EO), a new certification program for employee-owned companies. To become a member of Certified EO, companies must pass a rigorous certification process and prove significant and broad-based employee ownership (at least 30 percent owned by an ownership plan).
Kimberly Jones, President of Butler/Till states “We’re big believers in employee ownership, and earning this premier third-party certification proves our commitment to the employee-owned model.”
Butler/Till set out to become employee-owned in 2011 as part of founders, Sue Butler and Tracy Till’s succession plan/exit strategy. Sue and Tracy saw employee ownership as both socially responsible and good for the company’s bottom line, so they chose to form the Butler/Till ESOP Trust. Since then, Butler/Till has enjoyed increased employee retention and revenue growth. Our ESOP share values have risen a total of 39% since 2015.
We believe that employee ownership is perhaps the best-kept secret of our economy. It strengthens communities, fosters a financially savvy workforce, increases resiliency during recessions, and offers big benefits during economic booms. It’s a sound choice economically, with several tax and financial incentives to its name. It also empowers employees to think and act like owners, which results in an engaged workforce, happy customers, and sustainable financial success that in turn benefits the community. It’s these wide-ranging benefits that inspired Thomas Dudley, co-founder of Certified EO, to build a voice for employee ownership in America. “We want employee ownership to be part of the national consciousness,” Dudley said. “Employee-owned companies create wealth for working people and strengthen local economies. By creating a common brand for EO, we’re combining the reach of our members to raise the profile of employee ownership. Our members benefit because we help them tap into Americans’ support for employee ownership in marketing, recruitment, and internal communications.”
To learn more about Certified EO, visit certifiedeo.com