What is an ESOP? The Power of Employee Ownership at MyPath
In the human services and education sectors, many organizations are nonprofits or large, for-profit corporations. MyPath is different. We are a 100% employee-owned company.
We Own This: A 100% Employee-Owned Company
MyPath shares are held in a trust for our employees through an Employee Stock Ownership Plan, or ESOP. This employee ownership model is a source of tremendous pride and is fundamental to our success. It shapes our workplace culture, enhances our services, and strengthens our relationships with families and funders.
Every employee-owner is personally invested in our company’s success and motivated to deliver the highest quality of care. We each have a direct stake in the outcomes we produce for the 2,000 people we serve each year. We only succeed when they succeed.
Our commitment to ownership has fueled our growth, making us the third-largest healthcare and human services ESOP in the nation.
CLICK HERE to view the video!
The Benefits of Employee Ownership for Clients and Students
The ESOP model creates a unique culture of accountability and shared purpose that directly benefits the individuals and families we support.
Empowering Our People
Being an employee-owner means having a voice in the company. Barb, a Program Specialist II at Homes for Independent Living (HIL), explains how our 100% employee-owned structure empowers her to contribute directly to our shared success. When our team members are heard and valued, they are more engaged and committed to their work.
CLICK HERE to view the video.
Why Employee Ownership Matters
- Greater Accountability: Every team member is an owner, leading to a higher level of personal responsibility and commitment to quality.
- Improved Services: Our shared investment in success drives continuous improvement and innovation in the care we provide.
- Enhanced Culture: The ESOP fosters a collaborative, supportive, and respectful workplace where everyone has a stake in the outcome.
- Long-Term Stability: Employee ownership promotes long-term thinking and stability, ensuring consistent and reliable support for the people we serve.