Weather Tight Corporation is an integral part of our community. From becoming the Official Home Remodeler of the Milwaukee Bucks to our work throughout Wisconsin for over 30 years, we’re your neighbors, family, and friends.
When our business undergoes changes, we feel it’s important to share the news with our customers. That’s why we’re excited and proud to announce that Weather Tight is becoming an Employee-Owned Company. We’re officially setting up an ESOP (Employee Stock Ownership Plan).
Now you’re probably thinking that’s great news for Weather Tight employees, but how does this affect the community? Even more so, how does Weather Tight becoming an employee-owned company affect customers and homeowners?
What is an ESOP?
In short, providing an ESOP allows employees to earn company stock during their employment. Holding stock means employees actually become owners of Weather Tight as their stock in the company grows during their years of employment. This provides Weather Tight with a succession plan to ensure the company continues to grow and thrive well into the future.
Our current owners, Todd and Tod, aren’t handing off the reigns completely and sailing away into retirement tomorrow (or any time soon), however. One of the great benefits of Weather Tight becoming an employee-owned company is it still allows Todd and Tod to lead and oversee the company for years to come. It simply ensures that when the time comes for them to slowly pass the torch and enjoy those retirement years, the great company culture of Weather Tight will stay safely in place, providing excellent customer service for years to come.
Weather Tight becoming an employee-owned company and offering an ESOP will provide employees with a growing retirement vehicle. It offers a great incentive for our current employees to stay with the company for the long term and an excellent benefit to attract new employees as well. It means the company’s success pays off for each team member.
The Benefits to YOU of Weather Tight Becoming an Employee-Owned Company
The big question is, how will this affect our customers and what is the benefit to you? After all, without the support of the Wisconsin community, Weather Tight wouldn’t exist, company-owned or otherwise.
Weather Tight becoming an employee-owned company is very positive for our community and our customers. In fact, it will benefit our customers in several surprising and exciting ways.
There are many excellent companies and household names that are employee-owned. You may be familiar with Gore-Tex, Morgan Stanley, Southwest Airlines, P&G, and SAIC–all well-known employee-owned companies. In fact, there are over 7000 ESOPs since the concept was established in 1974, putting Weather Tight in great company with…well many great companies!
Offering an ESOP pays off for everyone involved (including the customer). Studies show employee ownership has a positive effect on the bottom line; it’s true and for good reasons:
- ESOP companies vs. non-ESOP companies show a 4% higher productivity rate.
- In all studies, offering ESOPs increase a company’s performance.
You see, when employees become owners, they’re directly invested in a company’s success; their benefits increase when the company does well. Because of the draw of an ESOP, the company is able to attract top talent and continue to retain the best employees. Those employees are driven to perform because they know when the company does well, they also do well. And all that success and financial well-being is passed to the surrounding community.
Being an employee-owned company adds up to safer and more pleasant work environments. Employees become more conscious of waste and have a personal stake in getting a job completed on budget, on time, and efficiently.
Employees gain a voice and a say in the operations of the company. They can share in what’s working at a company and what isn’t and can pass on customer concerns to management. When employees are co-owners, their input is vital.
The ultimate outcome of Weather Tight becoming an employee-owned company is even better customer service for YOU!
Now, at Weather Tight, we already pride ourselves on providing superior service and added value to our customers. We go above and beyond to complete each job in a timely manner that leaves our customers delighted. We like to think the benefits of Weather Tight becoming an employee-owned company are just the icing on what’s already an excellent cake.
We’re proud to share this exciting company news with our customers!
If you would like to learn more about any of our services, please drop us a line. We also invite you to visit our West Allis showroom. Our customer representatives look forward to continued service to our friends, neighbors, and family here in Wisconsin. If you are interested in joining our Weather Tight team, we also have our job postings available on our website. We would love to add to our Employee Owned organization.