Tap Packaging Solutions Celebrates Employee Ownership Month

by Tap Marketing November 06, 2017

Cleveland, Ohio (November 6, 2017): In October, Tap Packaging Solutions along with The ESOP Association and the employee ownership community, celebrated Employee Ownership Month, which is a tribute to the incredible spirit of employee ownership.

Employee Ownership Month is an opportunity for ESOP (employee stock ownership plan) companies across the U.S. to educate employee owners and the public about the tremendous benefits of ESOPs. Companies celebrate with parties for employee owners, roundtable discussions, and award ceremonies to honor outstanding employee owners.

Christina Balint, HR Manager for Tap explains, “Our employee-owners were deserving of a fun month to celebrate their hard work and dedication. This year, we held management-led education seminars, our semi-annual town hall meetings, donation drives, month-long cornhole tournament and a month-end celebration lunch complete with gifts and prize wheel.”

Employee Ownership Facts:

• There are approximately 10,000 ESOPs in place in the U.S. covering 10 million employees.
• Total assets owned by ESOPs are estimated to be $869 billion.
• The Economic Performance Survey conducted by the Employee Ownership Foundation in 2014 found that:
  • 70% indicated revenue increased; 30% indicated revenue decreased
  • 64% indicated profitability increased; 36% indicated profitability decreased
  • 64% of companies have created an ESOP education program or ESOP advisory committee since establishing the ESOP

For more information on ESOPs and Employee Ownership Month, please visit The ESOP Association’s website.

Founded in 1906, Tap Packaging Solutions is an employee-owned folding carton manufacturer and is a member of the Washington, D.C.-based ESOP Association as well as the Ohio/Kentucky chapter of the Association.

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