You are now entering the You are now entering the “lost” episode of Lost“lost” episode of Lost

Employee Owners Traveling on Employee Owners Traveling on Oceanic Transportation 101Oceanic Transportation 101

History of R J MartinHistory of R J Martin

• Robert Martin Jr. founded the company in 1987

• He started the business in his garage, with one employee

Today, R J Martin:Today, R J Martin:

• Employs over 150 employees

• Is recognized as one of the largest non-union electrical contractors of Northeast Ohio

• Has jobsites throughout Northeast Ohio and throughout the nation

Industrial and InstitutionalIndustrial and Institutional

CommercialCommercial

History of the ESOPHistory of the ESOP

• ESOP begun in 2002

• Employees will own 49%

• Currently they own 11% of the 49%

ESOP Communication CommitteeESOP Communication Committee

• Consists of six employee owners

• Serve approximately two years

• Composed of both field and office employees

• Selection of committee members is through advertisements in newsletter and postings at events and on jobsites

Committee MissionCommittee Mission

• Improve two-way communication between field and office

Committee Mission (Cont.)Committee Mission (Cont.)

• Inform all employees at every level about the ESOP, the structure of the company, the personal benefits of the ESOP, and the impact employees have on the value of the stock

Committee Mission (Cont.)Committee Mission (Cont.)

• The ESOP Committee will do this so the company can continue to be profitable

Monthly PublicationMonthly Publication

• “Livewire”

• Created strictly as MS Word Document

• Published most months

• Distributed in paychecks and email

Communication BoardsCommunication Boards

• Standard cork board

• Located on jobsites

• Ask foreman to help in posting newsletters, event memos, and policy letter changes

Recap events through collagesRecap events through collages

That is That is all all the Committee the Committee did!did!

They organized events…They organized events…

Her ideas:Her ideas:

• Invite employee owners to attend monthly committee meeting to see what they are planning

• Get committee member to visit jobsites

• Start an ESOP library

• Create an ESOP Hotline

More of her ideas:More of her ideas:

• Steal other companies ideas

• Bring in other area ESOP companies to speak at your events

• At every company social event spend 10 minutes discussing ESOP 101

Personal Motivation Personal Motivation Doesn’t Cost AnythingDoesn’t Cost Anything