In 2018, Delta Consulting Group transitioned to an Employee Stock Ownership Plan (ESOP), a long-term, wealth-building benefit offered at no cost to our team and available for all our employees. The ESOP gives our employees ownership interest in the company.
ESOP companies tend to be more productive and grow faster, have higher employee morale and lower turnover (Menke Group). For Delta, ESOP participation is a reward for years of dedication and hard work and provides an incentive for future business growth.
According to the National Center for Employee Ownership (NCEO), companies with ESOPs have higher rates of:
- Job Security
- Job Retention
- Employee Satisfaction
Corporate performance directly benefits the stock price, which benefits those in the ESOP program and its participants. ESOPs also serve as a second retirement plan for employees, while conventionally owned businesses primarily offer just one. Additionally, ESOPs offer a better pay structure for their employees than non-ESOP firms, creating an extremely competitive compensation opportunity.
Delta also prides itself on its job retention rates. Delta is proud to have adopted a business model that so greatly aligns with our core value of “creating a fertile ground for growth” for our employees.