"Employee Owned" On Paper Only
Employee Owner (Current Employee) – Arizona – January 28, 2019
It may be considered an employee-owned company but it does not have regard for its employees.
Work life balance is not ideal. Employees are overworked, forced to do overtime without pay. Employees are assigned to projects very far from their homes and not a lot of opportunities to take a vacations which often leads to dissolution of marriages and breaking of families. Employees are told to relocate but with little financial assistance to be able to do so. Employee surveys seem to show good results but people complain about how unhappy they are every day over dissatisfaction with management's decisions and treatment of employees. Employees are simply not valued enough. The only real thing that keeps people from leaving is because of the so called ESOP.
They claim to be an employee-owned company with a stock ownership plan that benefits all employees. However, the only ones that do put in the hardest work are the least to benefit from this stock plan. It seems that with any kind of compensation, the only ones in management positions benefit the most. It might as well be "management-owned" and not employee owned.
People are recruited to join the company with the promise of huge stock ownership amounts but are not employed long enough to be vested. Just when one is about to be fully vested, their employment is terminated.
Leaders and Management