The Bernard Group, Inc. has announced that due to an Employee Stock Ownership Plan (ESOP), its employees now own the company. The Bernard Group is a leader in visual merchandising and large format printing, serving the needs of some of the most prestigious retailers in the industry.
The employees at The Bernard Group, Inc. have always taken great care to deliver excellent customer service along with high-quality products the company creates. Now that The Bernard Group’s more than 100 employees have become partners in ownership of the company, providing good service and surpassing expectations for retail merchandising solutions has taken on a more elevated importance than before.
As partial owners, employees of ESOP organizations have a greater stake in guaranteeing that the company is successful. Results of past studies have even shown that many ESOP companies become more profitable and grow at a faster rate than non-ESOP organizations.
“The employees at The Bernard Group are a great team of people that work hard to do what is best for our clients and the company. Our exceptional workers have made great contributions to the success that this organization is today,” says Chuck Reese, president, The Bernard Group. “Now that our employees are directly invested in The Bernard Group’s future, there is an understanding that, more than ever, our personal success depends on our clients’ success. ESOP is going to inspire us to go the extra mile to satisfy our clients’ needs.”
Past analysis has shown that employee loyalty and production are higher at ESOP companies, as evaluated against comparable organizations where the staff doesn’t have a sense of ownership for the work. For The Bernard Group customers, that means considerate, dedicated employees providing first-rate customer service from the time a project is concepted until long after the final product has been installed. It also means the company’s one-of-a-kind merchandising solutions will equal or exceed expectations.