-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
SEL Named One of the Nation’s Largest Employee-owned Companies
September 5, 2022 | Schweitzer Engineering LaboratoriesEstimated reading time: 1 minute
Schweitzer Engineering Laboratories (SEL) is the 22nd largest employee-owned company in the United States, according to the National Center for Employee Ownership (NCEO). This week, the NCEO released its 2022 Employee Ownership 100, a list of the nation’s largest companies that are at least 50 percent employee-owned.
SEL has steadily moved up the NCEO’s annual list, rising 27 spots since 2011. The ranking is based on the number of full- and part-time employees in the U.S. and worldwide. The list also highlights companies that are 100 percent employee-owned. SEL ranks 17th in this category.
SEL first transitioned to employee ownership through an Employee Stock Ownership Plan (ESOP) in 1994 and became 100 percent employee-owned in 2009 as part of the company’s long-term strategy for sustained growth, stability and customer focus.
“Employee ownership has become part of SEL’s DNA and has been key to our success,” said Chief Business and Financial Officer Joey Nestegard. “It creates an environment where employees own, run and grow the company and have a personal stake in the outcome. This is a business model that results in long-term employment, high levels of employee engagement and exceptional relationships with customers. It’s not one driven by quarterly earnings or other short-term concerns.”
According to NCEO research, employees at ESOP companies have an average of $67,000 more in retirement savings than employees in non-ESOP companies, and ESOP companies are associated with 33% higher median income from wages and 53% longer median job tenure.
Suggested Items
Dubai Launches Global Blueprint for Artificial Intelligence
05/02/2024 | BUSINESS WIREDubai has launched a blueprint for Artificial Intelligence (AI), a yearly plan that will focus on harnessing the technology’s potential to improve quality of life around the world.
The Right Approach: I Hear the Train A Comin'
04/25/2024 | Steve Williams -- Column: The Right ApproachTraining is often an afterthought in many organizations, and the longer a company has been in business, the more this seems to apply. Over the past couple of decades, it has been amazing to observe that the biggest offenders of this are the companies that overuse the sound bite, “Our most important assets are our people.” When you dig into the process and peel back the onion, their commitment to training is not commensurate with that statement.
Record Numbers of Exhibitors to Showcase Products and Services at EWPTE 2024
04/25/2024 | IPCWHMA/IPC announces that 215 exhibitors spanning over 50,000 nsf of exhibit space will introduce new product technologies, innovations and demonstrations of the electrical wire harness, wire, coil winding and cable processing industries’ newest advancements at Electrical Wire Processing Technology Expo (EWPTE) to be held at Baird Center May 14-16, 2024, in Milwaukee, Wis. This marks the largest number of exhibiting companies in the event’s history. More than 3,000 attendees are expected to attend this year’s event.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
04/23/2024 | GlobalFoundriesGlobalFoundries (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050.