What is ESOP? A Look into Chatsworth Products’ Employee-Ownership Structure | Chatsworth Products
 

What is ESOP? A Look into Chatsworth Products’ Employee-Ownership Structure

(Our Company, ESOP News, CPI Website) Permanent link

Since its creation in 1991, Chatsworth Products (CPI) has been a proud ESOP company. 

But what is ESOP? BLOG-ESOP-LOGO

ESOP stands for Employee Stock Ownership Plan, and is defined as a qualified contribution plan that provides a company’s workers with retirement savings through their investments in their employer’s stock, at no cost to the worker. 

Through an ESOP structure, all full-time employees become beneficial owners or employee-owners, as CPI calls its employee family. Such ownership, combined with CPI's inclusive and participatory culture, motivates employees to think and act like owners, creating a strong commitment to the attainment of an ultimate and core purpose: delighting the customer through high-quality products and unrivaled customer service and technical support. 

Recent studies find employee-owners and ESOP companies have proven benefits such as greater job security and higher wages, which are reflected in the employee-owners’ strong desire to create customer satisfaction. 

CPI’s pride of ownership and the mutual trust and respect we feel for one another is reflected in the company's motto, "We're All in This Together." Watch the company overview video to learn more.

 CPI-Company-Overview-Video-Preview

To learn more about CPI’s ESOP structure, visit our employee ownership page.

Shannon Ryan, Digital Marketing Administrator


Posted by Shannon Ryan, Digital Marketing Administrator at 06/13/2017 02:33:22 PM


Leave a comment
Name (required)
Email (optional, not published)
Your URL (optional)
Comment


Note: Conversation is encouraged and expected. However, moderation of comments is necessary to prevent spam, personal attacks, profanity, or off-topic commentary. Comments related to specific product support or customer service issues will be addressed separately rather than posted here. Please email techsupport@chatsworth.com for assistance with these matters.


12/12/2017 10:01:04 AM