The ESOP Association and the Employee Ownership Foundation Release Results of the 2010 ESOP Company

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国开(中央电大)专科《管理英语2》网上形考(单元自测1至8)试题及答案

国开(中央电大)专科《管理英语2》网上形考(单元自测1至8)试题及答案说明：课程代码：04018；适用专业及层次：行政管理；考试平台：http：//。

单元自测1 试题及答案题目为随机，用查找功能（Ctrl＋F）搜索题目[题目]－How’s your mother doing？—_____________________.[答案]She is very well[题目]— Do you mind if I record your lecture？— _________________. Go ahead.[答案]Not at al[题目]— I was worried about my math, but Mr. White gave me an A.—_________________.[答案]Congratulations![题目]—Can you go skating with us this afternoon？—Sorry, I can’t. I ________ take care of my little sister at home.[答案]have to[题目]—I’m terribly sorry that I’ve spilled some coffee on the table.— _________________.[答案]It doesn’t matter[题目]—Would you like to go to the concert with us？—_________________, but I’ve prom ised to help Jim with his Chinese. Thank you all the same. [答案]I wish I could[题目]―Whose textbook is this？―It _______ John’s. It has his name on it.[答案]must be[题目]He is ________ this company.[答案]in charge of[题目]He says what he thinks and does what he wants to do, ________ other people’s feelings. [答案]regardless of[题目]He was always ______ in sharing his enormous knowledge.[答案]generous[题目]His action is always ______ with his words．[答案]consistent[题目]More than 30 people ______ the position.[答案]applied for[题目]One day, our dreams will ____________ reality.[答案]turn into[题目]The enemy has strengthened their ______ position.[答案]defensive[题目]We think that Smith should be told about his ______ condition as soon as possible. [答案]physical二、翻译：从以下A、B、C三个选项中选出与英文最适合的中文翻译。

股权激励分配方案英语缩写

股权激励分配方案英语缩写Employee Stock Ownership Plan (ESOP) for Incentive Compensation1. IntroductionThe Employee Stock Ownership Plan (ESOP) is an innovative and strategic compensation program designed to reward and incentivize our employees for their hard work and dedication towards the success of our company. This plan enables eligible employees to become partial owners of the company, aligning their interests with the long-term growth and profitability objectives of the organization.2. ObjectivesThe primary objectives of the ESOP are as follows:a. Retention: To attract and retain top talent by providing a compelling incentive for employees to remain with the company and contribute to its long-term success.b. Motivation: To motivate employees to perform at their highest level by creating a direct link between their individual efforts and the financial performance of the company.c. Alignment: To align the interests of employees with those of shareholders, thereby fostering a sense of ownership and promoting a collective commitment towards achieving organizational goals.3. Eligibility and Allocationa. Eligibility Criteria: All regular full-time employees who have completed a minimum of two continuous years of service with the company are eligible to participate in the ESOP.b. Allocation Method: The allocation of stock to eligible employees will be determined based on a combination of factors, including job performance, length of service, and level of responsibility. A formula will be developed to calculate the percentage of stock ownership for each eligible employee.4. Vesting Schedulea. Vesting Period: The stock allocated to employees under the ESOP will be subject to a vesting schedule, which determines the gradual ownership rights over a specified period.b. Vesting Schedule: The initial vesting period will be five years, with an incremental increase in ownership rights as follows: 20% after the first year, 40% after the second year, 60% after the third year, 80% after the fourth year, and 100% after the fifth year.c. Accelerated Vesting: In the event of a significant corporate event, such as a merger, acquisition, or initial public offering (IPO), a portion of the unvested stock may be subject to accelerated vesting, based on the discretion of the Board of Directors.5. Valuation and Valuation Frequencya. Valuation Method: The fair market value of the company's stock will be determined by an independent valuation firm on an annual basis or as otherwise required by relevant regulations.b. Valuation Frequency: The valuation of the company's stock will be conducted at least once per year, with the results communicated to all ESOP participants.6. Dividend Policya. Dividend Distribution: Dividends paid to the company's shareholders will be proportionately distributed to ESOP participants based on their percentage of stock ownership.b. Reinvestment Option: ESOP participants will have the option to reinvest their dividends to acquire additional shares of company stock, further enhancing their ownership stake.7. Governance and Administrationa. ESOP Committee: An ESOP committee comprising representatives from management, human resources, and finance will be established to oversee the implementation, administration, and communication of the ESOP.b. Plan Amendments: The Board of Directors reserves the right to amend, modify, or terminate the ESOP in its sole discretion, provided that any such changes comply with applicable laws and regulations.c. Communication and Education: Regular communication and educational sessions will be conducted to ensure participants understand the details and benefits of the ESOP, as well as their rights and responsibilities as partial owners of the company.8. Tax Implicationsa. Tax Treatment: Participants of the ESOP will be subject to the relevant tax laws and regulations applicable in their respective jurisdictions. It is advisable for participants to consult with their tax advisors for guidance on the tax implications of their participation.b. Employee Assistance: The company will consider offering financial and tax assistance to employees to help them navigate the tax implications associated with their ESOP participation.In conclusion, the ESOP provides a valuable opportunity for our employees to share in the company's success while fostering a strong sense of ownership and commitment. By aligning employee interests with those of shareholders, we believe this incentive compensation program will drive performance, attract and retain top talent, and contribute to the long-term growth and profitability of our organization.。

[2022春期]3938国开电大专科《管理英语2》期末一体化考试题库0001

［2022春期］3938国开电大专科《管理英语2》期末一体化考试题库说明:题目为随机组合。

第一大题交际用语第一类:首句为空白的试题［首字母E］------- 9一Everything is going smoothly.［答案］How is everything going?［首字母I］------- 9一J have worked for IBM for 3 years.［答案］What is your working experience? ------- 9一In total,it should be about 15,000 RMB for the three-day training J 答案］How much have you budgeted for the training?------- 9一Jt costs us ten thousand dollars* ［答案］How much does the printing of the annual report cost?------- 9一It might be a good idea to read some simplified books first* ［答案］What books would you recommend?------- 9一Jt will be held on the 3rd floor of Shakir at on Hotel.［答案］What is the address of your speech?9一Jt will take at least two weeks.［答案］How soon will you finish our annual report?［首字母M］------- 9—My name is Helen,and I was born in 1980.My major was electrical engineering.［答案］Tell me your name9please.—My name is Helen,and I was born in 1980.My major was electrical engineering.［答案］Tell me a little bit about yourself,please.［首字母N］一Neither do LLook at our communityjt is such a mess* ［答案］I really don*t think our service center is satisfying.［首字母T］------- 9一hat's great!［答案］How about going to dinner at the Mexican restaurant tonight------- 9—Twice a week* ［答案］How often do you use our company*s product第二类:次句为空白的试题［首字母A］一Any suggestions for the project?一_______________ ［答案］I advise you to put more hands in this project.［首字母c］一Can you go skating with us this afternoon?一Sorry ］ can't.I take care of my little sister at home* ［答案］have to 一Can you stay here longer?一 ,but I have to be back tomorrow.［答案］rd love to一Custome 亡We have ordered for almost one hour.Why is it so hard to get ourdishes ready in your restaurant?一Waiter: •［答案］I, m really sorry about that.［首字母D］' '一Did the medicine make you feel better?一No.The more , I feel.［答案］medicine I take:the worse —Do you mind if I record your lecture?一 Go ahead.［答案］Not at all.［首字母G］—Good morning,Sunshine Community Center! May I help you?一［答案］I need a plumber to repair the water pipe in my kitchen.［首字母H］一Have you ever been to Tokyo?一［答案］No,but I hope to go there next year.ello,is that service center? The elevator of our apartment doesn't work.一［答案JSorryJll have it checked out at once.［i,Helen,Bl have an interview tomorrow. Pm afraid I can't make it. ——［答案］Sure,you can. Take it easy.一How are you feeling now?一［答案］Much better.一How did your talk with the community resident go?He seemed to accept my explanation,but he didn't sign his name here* ［答案］Fm not sure.一low do you like living in Beijing?一［答案］I love it.Beijing is such a beautiful city一low do you think of the theme of our event? 一［答案］If s pretty good.一How long will you be away from Italy?一［答案］About a month.一How's your mother doing?一［答案］She is very well.一I am sorry. Now what were we talking about?一［答案］You were saying that you used to be a teacher.一I was worried about my math,but Mr. White gave mean A.一［答案］Congratulations!一I'm terribly sorry that Pve spilled some coffee on the table.一［答案］It doesift matter.［音季每L］一Let's make plan first for our events,shall we?—_______________ ［答案］OKJefsdoit.［音字母M］一May I ask you why you left the former company?［答案］Because I want to change my workingenvironment and seek new challenges.［首字母o］一()ur company is doing a customer service questionnaire.May I take you a moment?一［答案］By all means［音字母si一Should I leave earlier tomorrow morning?一［答案］Yes,ifs better to leave earlier to avoid the morning traffic.［首字母T］一Thank you very much for answering our questions.lt really helps our market research a lot.一［答案］It, s my pleasure.一This jacket is so good. ?一It's 200 yuan.I can give you special 20% discount on it.［答案］How much is it一What do you think of your mother's advice?一______________ ［答案］It doesift fit us A actually一What kind of event are you going to plan?一［答案］A birthday party for my brother.一What starting salary do you expect?一［答案］rd like to start at Y5000 a month.一What time does the train leave?一［答案］At half past five.一What's the matter with you?—［答案］I feel a bit sick.一What's the weather like in this area?—［答案］Ifs rainy.一What's your view on our questionnaire?一［答案］First of alLWe*d better change our question order.一Whose textbook is this?一It John's.It has his name on it.［答案］must be一Why do you look unhappy.Whats the matter?一［答案］Pm rather disappointed with the poor quality of the radio I've just bought.一Would you like to go to the concert with us?一,but I've promised to help Jim with his Chinese.Thank you all the same.［答案］I wish I could一Would you mind answering some questions about your annual report?一［答案］No,as long as it doesn*t take long一'ould you mind filling the questionnaire for me? ［2019 年7 月试题］［2020 年7月试题、2021年1月试题］一［答案］No problem.一Would you mind filling the questionnaire for me?一［答案］No problem.Just give me your questionnaire.一Your plan is perfect and I believe that it will be a great success.一［答案］Thank you very much.第二大题词汇与结构第一类:空在前面的试题［首字母A］a company really wants is a candidate has the right skills.［答案］What. • • that［首字母F］face-to-face interviews,questionnaires are cheaper for collecting data from a large number of respondents.［答案］Compared to［首字母T］the feedback is very helpful for planning future meetings and events.［答案］Gettingthe fog,we should have reached the annual meeting site on time.［答案］But for［首字母w］［首字母Y］you prepare cross training plans,you need to consider both the company benefits and the employee benefits.［答案］As第二类:空在中间的试题［首字母A］A new food market will in our community next month.［答案］be builtAccording to their feedback sheets,the participants are all with the training* ［答案］satisfiedAmerican young people would rather, advice from strangers.［答案］get Anyone who has worked here for over three years is for sick pay ［答案］eligibleAre you familiar the saying/'ifs not what you know,but who you know M?In event planning,networking is key!［答案］withAt the end of the day,you want all attendees your event to remember this key message that you've spent a long time reinforcing* ［答案］leaving［首字母c］ °Customers refuse to filling the questionnaire are not permitted to buy the product* ［答案］Who［首字母D］-Did the medicine make you feel better?-No.The more , I feel.［答案］medicine I take;the worse Does his absence to your work?［答案］make a difference［首字母H］He investor should be aware of the limitations of the financial statement analysis the annual report.［答案］based onHe is this company.［答案］in charge ofHe keeps on his focus on, money ［答案］makingHe says what he thinks and does what he wants to do, other people's feelings* ［答案］regardless ofHe was always in sharing his enormous knowledge.［答案］generousHer article is in her class.［答案］the bestHiring a good employ may cost much money and time, ,it can win much more for the company in future.［答案］howeverHiring the right employee you a thousand times over in high employee morale* ［答案］pays.* .backHis action is always with his words.［答案］consistentHow many players does a baseball team?［答案］consist of［首字母I］I didn't do last week.［答案］anythingI don't know .1 just arrived here two minutes ago.［答案］whafs going on I forgot my music-book and borrowed one from Lily* ［答案］to bringI have coffee breakfast time.［答案］atI like cooking for my friends in free time・［答案］myI would rather two weeks earlier.［答案］you had come hereFd like to that the staff member who served me didn't really seem to know what he was doing.［答案］point outJf I you,! more attention to the independent auditors1 report and financial statements in the annualreport* ［答案］were;would payIf I younger,! would buy the dress.［答案］wereI'm confident in these as long as we the needs of the community residents and improve our servicequality.［答案］keep an eye onFm writing to a position as a computer engineer in your company.［答案］apply forIt is only by agreeing with their view point and that you will resolve the situation and send the customeraway happy ［答案］suggesting a possible solution［首字母L］Let's our plan.［答案］startLook!［答案］Here comes the bus［首字母M］Melinda w川discuss the matter with John, is the representative of Sunshine Medical Center* ［答案］whoMore than 30 people the position.［答案］applied for［首字母o］One day,our dreams will reality.［答案］turn intoOur company will the customers9 suggestions.［答案］respond toQur workers have been checking the heating system since you calledus.Iyou it will perform wellsoon.［答案］assure［首字母p］Participants have the Productivity Analysis Worksheet.［答案］completed People find useful information from the annual report* ［答案］could ［首字母Q］Questionnaires are easy to .［答案］analyzeQuestionnaires are not suitable some people.［答案］for［首字母T］The candidate should dress in a manner that is appropriate to the position he is applying.［答案］for whichThe enemy has strengthened their position* ［答案］defensiveThe heating system of our apartment broke down so I made a call to the community service center.［答案］complaintThe investor should be aware of the limitations of the financial statement analysisthe annual report.［答案］based onThe Jiahe Community Service Center is about to service for residents.［答案］provideThe moment I got home,! found I my jacket on the playground* ［答案］had leftThe more information you can get, in your field* ［答案］the more competitive you will beThe music like the singing of a bird.［答案］soundsThe new year is just .［答案］around the cornerThe quality of questionnaire will how much information we know from our customers* ［答案］affectThe success of our event is to the sponsor* ［答案］relatedThe training is positive results on the job they are presently .［答案］bringing about,doingThese tips may help you avoid bad employees for your company.［答案］hiringThey have disagreement the plan of celebrating the founding of the community ［答案］onThey have learned about in recent years •［答案］hundreds of English wordsThey promised the car for us •［答案］to repaired［hey since last night.They are about to finish the wo 永.［答案］have been cleaning the system［his involves the high-level reasoning behind your intentions for the event* ［答案］identifyingUnder no circumstance to tell lies to the public.［答案］are the companies allowed［首字母w］We are under to finish the task within such limited time* ［答案］pressure We feel with the inconvenience the service center brought us* ［答案］disappointedWe have to our annual work report to the manager next week.［答案］hand inWe need to carry out a proper of the new system* ［答案］evaluationWe should keep in mind the feedback is very helpful for planning future meetings and events.［答案］thatWe should take the degree account when we recruit a new secretary •［答案］intoWe think that Smith should be told about his condition as soon as possible.［答案］physicalWe 300 copies,and 240 were returned in the end.［答案］handed outWe it very much that you f ve come to give us a timely ride.Otherwise we would miss the train.［答案］appreciateWhen reading the annual report,we should look out the areas where the company did not comply with the regulations.［答案］forWhen stating problems,we can make a with those from last year* ［答案］comparisonWhen 一different cultures,we often pay attention only to the differences without noticing the many similarities •［答案］comparingWhere are you used to vegetables?［答案］buying-Whose textbook is this?-It John's.It has his name on if ［答案］must beWrite the telephone number down you forget* ［答案］in case［首字母Y］°t ou also should send a resume the employer know more information about you* ［答案］to letYou can try these methods to keep your interview anxiety control.［答案］underYou had better a doctor as soon as possible.［答案］seeYou must the annual certification of employment online within 15 days.［答案］submitVou need to those questionnaire papers for your company.［答案］hand out You'd better have your hair before going to your friend's wedding* ［答案］cutYour long-term success in event planning will be based the experience you had* ［答案］on第三大题阅读理解选择题［首字母A］An annual report provides} 1 jinformation about an organization.People read annual reports in different ways.Some even{2}to start at the back and work their way to the beginning.lt makes (3 ［difference how L ［答案］eful & ［答案］A.prefer 为答案］C.no& ［答案］B.both 丢［答案］B.without［首字母 A ］Angry customers tend to aim their dissatisfaction and complaints at staff members.If this happens to you,you should remember that they are actually expressing their dissatisfaction about the company21.At whom do angry customers tend to aim their dissatisfaction and complaints? ［答案］A.Staff members.22.When a customer shouts rudely at you,you should.［答案］C.keep calm and listen carefully to the customer23.The underlined sentence A Use your ears more than your mouth^means ［答案］B.You should listen more than you speak24.When dealing with an angry customer,which is NOT the right attitude?［答案］C.Be am used.25.Which of the following statements is true according to the passage?［答案］C.You should relax yourself and try to understand the angry customers.［首字母E］Everyone wants to healthy and happy.When illness does come,the whole family is{1}.Many adjustments （调整）have to be made{2}the family routine （日常工作）needn't be disturbed completely .Often it canU 答案］B.affected答案］C.but勿答案］A.strain虫［答案］C.assumed金［答案］A.consequently［首字母F］If you take the following steps,you can make a satisfactory annual report. And your boss and other supporters w川be impressed.l.Do you have to gather all the information since you entered the company before writing the annual report?［答案］B.No.2.1s it reasonable to include everything of the company in order to make the annual report informative?［答案］B.No.3.What does the underlined phrase Less is more mean?［答案］ ing fewer words A making fewer parts A and so on,is simpler A and more efficient than the opposite.4.Which is NOT TURE for the functions of the visuals and charts?［答案］C.They can make the report harder to be understood.5.How many steps should you take to make your report impressive?［答案］C.Four ［首字母I J Imagine this situation:you have bought a faulty item from a shop and you take(l}back to complain.You go directly to the shop assistant and tell them your problem.They say they cannot help you,也makes you angrier,to the point perhaps where you start insulting the poor shop assistant.RESULT:ThisU答案］B.it% ［答案］A.which为答案］C.favours£ ［答案］A.as［［答案］B.with［首字母M ］Mary began playing the violin when she was only six.Her father came across a really old instrument at his aunt's house,and he brought it back home with him.Mary loved it and immediately tried to1 .Mary's father •［答案］C.got the violin from his aunt2.Mary began to need a better violin when she was about .［答案］B.ll3.The man at the concert told Mary's parents that •［答案］A .she had real talent4.Mary .when she was 16.［答案］B.set up her own group5.Eric Sound was the name of •［答案］B.Mary's music group［首字母P］PPHC and Goose neck are two organizations that do similar community work.Each has hired a new staff member to make contact with and provide services to new parents.1.What are PPHC and Goose neck?［答案］C.They are two organizations that do similar community work.2.Which degree does Elaine have?［答案］A.Psychology degree.3.Which of the following statements is TRUE according to the passage?［答案］B.Mark has a clear idea of his job after the training.4.How is Mark trained to be prepared for his work?［答案］C.Both A and B.5.What is the main idea of the passage?［答案］ A.The importance of training. ［首字母Q ］Questionnaires can be a simple way to get to knowyour audience's opinions.Though it isl.T he questionnaire contains following elements except?［答案］C.Address 2.1n order to keep your questionnaire visually attractive,you should •［答案］C.Leave enough spacebetween questions and sections.3.You should start your questionnaire with questions and then move to ones.［答M ］ A.general,specific4.What could be the best title for this passage?［答案］A.Designing an Effective Questionnaire.5.Which of the following statements is NOT correct?［答案］B.Open • ended questions cannot provide more detailed information,so you'd better not use too many open-ended questions in one questionnaire.［首字母S］ Stress around interviews is often influenced by our assumptions we make to ourselves about the process.Countering anxiety-provoking thoughts can help to lower levels of anxiety.I just messed up that1 .What often influences the stress around interviews according to the passage?［答案］B.Anxiety-provoking thoughts2.Does one poor answer in an interview influence a candidate to get a job?［答案］B.No.3.Can imagining success help a candidate to lower levels of anxiety?［答案］A • Yes.4.How can we reduce our stress around interviews?［答案］A.Breathe deeply5.When should we go to see a doctor according the author?［答案］C.When we have too much stress around interview.［首字母S］ Successful and memorable events don!t just anizing and holding an event takes planning.Whether it's an anniversary,a sporting event or a retirement party,and no matter how much time you have,your event f s success is in the details.1 .Which of the following statement is NOT true according to the passage?［答案］C.Know the limitation means you should know the audience's limitation.2.Which is not the factor of holding a successful event?［答案］C.A invitation3.According to the passage,what is the key factor to make your event successful? ［答案］B.Details.4.What is the best title for this passage?［答案］C.How to plan successful events.5.What is the purpose of making list of details?［答案］A.Make sure not overlook things［首字母s］ Successful events don f t just happen - they're the resultof{l}.The{2}the event,the bigger theU 答案］B.planningW ［答案JA.bigge为答案］C.miss虫［答案］C. Whether9 ［答案］B.appeal to［首字母T ］The qualities of a good questionnaire It should be noted that one does not start by( 1 jquestions.Firstly.we have to decide1 what are the things one needs to know from the respondent in order toL ［答案］A.writing& ［答案］A.Secondly［答案］C.In order to& ［答案］B.In a word丢［答案］A.help［首字母T］ There are more ants than any other kinds of land animals in the world.They range from 0.1 to1 inch long and are usually yellow,brown,red,or black.Ants live in societies in which they depend on one 1 .Which kind of ants is not regarded as the main types of ants in general?［答案］Soldier ants.2.According to the passage,what do we learn about the ants' enemies?［答案］They are of many kinds.3.The red ants attack the black ants1 home because.［答案］they don*t have workers of their own4.According the passage, which of the following statements is TRUE?［答案］Ants are useful to human on some conditions.5.The main purpose of the passage is to* ［答案］explain some information about ants［首字母T］ The houses we live in are very important.They keep us from being cold in the winter and hot in the summer.In the winter they keep out the snow.They also keep out the wind.Even if it is blowing outside,we21.Which of the following is NOT mentioned in the passage?［答案］B.Families and friends live in the same house.22.According to the passage,the house can keep out ［答案］C.the wind and the snow23.Houses are in sizes and many ways ［答案］C.different24.Which of the following is probably NOT the thing used to build houses?［答案］B.cotton25.From the passage we can infer that people ［答案］A • in hot places like to live the lightly-built houses to get heat［首字母T］ The houses we live in are veryJjJ.They keep us from being cold in the winter and hot in the summer.In the winter they keep out of the snow.They also keep out the wind.Even if it is blowing outside,weL ［答案］B.important & ［答案］C. where d ［答案］A.care for £ ［答案］B.sizes答案］C.built［首字母T ］The old saying practice makes perfect applies to interviewing too.Conduct practice interviews with a friend or family member,and ask for their feedback.You can also record or videotape your responses(l}you can review your answers and check your body language.Prepare answers to commonly (2j interview questions.Doing so will help you analyze your background and qualifications for the position.L ［答案］A.so& ［答案］C.asked［答案］B.simply虫［答案］C. whether9 ［答案］B.confidence［首字母W ］Want to keep your staff motivated about learning new concepts? The quality and variety of the employee training you provide are keys for motivation.Reasons to(l}employee training are many,from new-hire顼答案］A.offer答案］C. Whatever［答案］B.ultimately £［答案］B.needed I ［答案］C.continuing第三大题阅读理解判断题［首字母A］ An annual report of a company provides information about its business performance for certain people.These people include the investors,potential investors and other stakeholders .From the report,people can understand the company's business scope,recent situation and future development.The main parts of an annual report usually include chairman's letter,financial statements and operation analysis.1.An annual report of a company provides some information about its business performance for certain people.［答案］T2.People can know everything of the company from the annual report* ［答案］F3.An annual report usually includes chairman's letter,financial statements andoperation analysis* ［答案］T4. A chairman's letter should include the strategic direction moving forward* ［答案］T5.This passage is mainly about the main parts of an annual report* ［答案］T ［首字母C］ Cross training is training an employee to do a different part of the organization's work. Training worker A to do the task that worker B does and training B to do A's task is cross training. Cross training is good26.Cross training is training an employee to do a different job in a different company ［答案］F27.Cross training is beneficial not only for managers but also for employees* ［答案］T28.Cross training can apply to almost any position and almost any industry.［答案］T29.Not all employees are suitable to be cross trained* ［答案］T30.You can decide which employees to be cross trained according to their age* ［答案］F［首字母C］ Cross training is training an employee to do a different part of the organization's work.Training worker A to do the task that worker B does and training B to do A's task is cross training.Cross training is good for managers because it provides more flexibility in managing the workforce to get the job done.On the other26.Cross training is training an employee to do a different job in a different company ［答案］F27.Cross training is beneficial not only for managers but also for employees.［答案］T28.Cross training can apply to almost any position and almost any industry ［答案］T29.When you prepare cross training plans,the only consideration is the company benefits •［答案］F30.You can decide which employees to be cross trained according to their age*［答案］F［首字母F］ Feedback from your customers is very important.The more information you have from them, the more competitive you will be in your field.The following techniques will help you know what the customers think of your business.26.Hotel customers and hotel staff think the same about breakfast* ［答案］F27.A good or bad experience of a customer in a wheelchair in your shop shows whether your service is good or not.［答案］T28.1t f s not necessary to know about the customers' needs and preferences* ［答案］F29.Questionnaires are useful in getting feedback from customers.［答案］T30.Front-line staff have nothing to do with improving customer service* ［答案］F［首字母G］ Good communication skills are the key to success in life,work and relationships,Without effective communication7^ message can turn into error,misunderstanding,frustration,or even disaster by being misinterpreted or poorly delivered.26.A message must be understood,interpreted or delivered correctly with communication* ［答案］F27.When you talk with others you can pay little attention to your body language* ［答案］F28.The better you are able to understand others,the better your ability to communicate* ［答案］F29.Before stating your opinions,you*d better let the speaker finish his or her talking first J 答案］T30.Don’t argue or debate with others if you feel angry or displeased.［答案］T ［首字母H］ Hiring the right employee is a challenging process for a company. A bad hire not just wastes your time and money, but also impacts the team spirit and company morale.A good hire, however, pays you26.Hiring the wrong employee is expensive,costly to a company,and time consuming* ［答案］T27.A company has to spend a lot of money hiring a right employee* ［答案］F28.An advertisement with a clear target will make all candidates lose courage* ［答案］F29.Well designed interview questions can help you know more about the candidates,［答案］T30.Work experience is one of the primary things for an employer to verify in background checking.［答案］T ［首字母l］ If you take the following steps,you can make a satisfactory annual report.And your boss and other supporters will be impressed.26.Before writing the report,you should gather all the work you have done over the past year* ［答案］T27.The contents of the report should be selective.［答案］T28.The idiom"a picture is worth a thousand words A is appropriate here* ［答案］T29.The application of visuals and charts can make the report more boring* ［答案］F30.Ending the report with a strong call to action will offend he readers.［答案］F ［首字母O ］One morning,Wu Liang discovered that her classroom hadchanged.She found that the desks were no longer in rows,but pushed together to make eight bigger desks.She was so excited about it for the first 26.lt was easier for Wu Liang to discuss with other students in class after the new classroom arrangement.［答案］T27.The school made the reform in order to offer students more seats to study ［答案］F28.The reform has demanded more from teachers•［答案］T29.Wu Liang and her classmates like the new classroom arrangement* ［答案］F30.The best title of this passage maybe New Look in Class ［答案］T［首字母Q 或E］QUESTIONNAIRES: AD VANTAGES &amp: DIS ADVANTAGESEvery coin has two sides and questionnaires are no different.With questionnaires,the advantages outweigh the disadvantages.1.The advantages of questionnaire are more than disadvantages •［答案］T2.Questionnaire is the cheapest way for collecting data from respondents J 答案］F3.Questionnaires have the advantage of being analyzed easily through the computer software* ［答案］T4.Questionnaire is suitable for everyone* ［答案］F5.The respondent is usually the same person you sent the questionnaire to.［答案］T［首字母S ］Sixteen years ago I learned this lesson in the back of a New York City taxicab.Here f s what happened.I hopped in a taxi,and we took off for Grand Central Station,We were driving in the right lane26.0ne day the taxi almost hit another car* ［答案］T27.The author dumped some garbage in front of his car.［答案］F28.Many people like to drive garbage trucks.［答案］T29.The author used to have a lot of money ［答案］F3O.If people'Mump garbage A on you,try your best to persuade them not to do that again.［答案］F［首字母U 或S］ USE THESE 5 (OF 10) TIPS TO START YOUR EVENT PLANNING CAREER STEP 1 -Get experience and volunteer your time in different event services.There are so many aspects of events including,working for a graduation event,a sports competition,volunteering for nonprofits,and working for an established event planner. Your long-term success in event。

国内外员工持股制度的研究现状英文

Research Status of Employee Stock Ownership Plans(ESOP) at Home and AbroadIntroductionEmployee stock ownership plans (ESOP) are an increasingly popular method of employee compensation and motivation worldwide. This article examines the current research status of ESOP both domestically and internationally. By analyzing various studies and case studies, this article aims to provide a comprehensive and detailed exploration of ESOP as a corporate strategy. The article is structured as follows:1. Definition and Importance of Employee Stock Ownership Plans1.1 Definition of ESOP 1.2 Importance of ESOP2. Historical Development of ESOP2.1 Origins of ESOP 2.2 Early Implementations of ESOP 2.3 Global Adoption of ESOP3. Research on ESOP in China3.1 Chinese Government Policies and Regulations 3.2 Case Studies on ESOP in Chinese Companies 3.3 Factors Influencing the Success of ESOP in China4. Research on ESOP in the United States4.1 ESOP Legislation in the United States 4.2 Impact of ESOP on Employee Performance in the United States 4.3 Challenges and Criticisms of ESOP in the United States5. International Comparison of ESOP5.1 ESOP in European Countries 5.2 ESOP in Asian Countries 5.3 Similarities and Differences in ESOP Implementation Globally6. Best Practices and Recommendations for ESOP Implementation6.1 Strategies for Successful ESOP Implementation 6.2 Key Considerations for Designing ESOP 6.3 Lessons Learned from Successful ESOP CasesConclusionESOP is a significant corporate strategy that has gained attention both domestically and internationally. This article has reviewed the current research status of ESOP, including its definition, importance,historical development, and the findings from various studies and case studies in China and the United States. Through an international comparison, we have identified commonalities and differences in ESOP implementation. Lastly, best practices and recommendations have been provided for companies considering the implementation of ESOP. It is hoped that this article will contribute to a better understanding of ESOP and assist companies in making informed decisions regarding its adoption as part of their corporate strategies.References(Include a list of references used in the article)。

高二英语职业发展策略单选题40题

高二英语职业发展策略单选题40题1.Which of the following is a profession related to healthcare?A.TeacherB.DoctorC.WriterD.Artist答案：B。

本题考查职业相关名词。

A 选项“Teacher”是教师；B 选项“Doctor”是医生，与医疗保健相关；C 选项“Writer”是作家；D 选项“Artist”是艺术家。

2.In career planning, what is an important factor to consider?A.HobbyB.FriendshipC.SalaryD.Weather答案：C。

本题考查职业规划相关名词。

A 选项“Hobby”是爱好；B 选项“Friendship”是友谊；C 选项“Salary”是薪水，在职业规划中是重要的考虑因素；D 选项“Weather”是天气。

3.Which occupation requires a lot of creativity?A.AccountantB.EngineerC.Designerwyer答案：C。

本题考查职业相关名词。

A 选项“Accountant”是会计；B 选项“Engineer”是工程师；C 选项“Designer”是设计师，需要很多创造力；D 选项“Lawyer”是律师。

4.What is a common characteristic of a successful entrepreneur?A.ShyzyC.ConfidentD.Angry答案：C。

本题考查职业相关名词及人物特点。

A 选项“Shy”是害羞的；B 选项“Lazy”是懒惰的；C 选项“Confident”是自信的，成功的企业家通常很自信；D 选项“Angry”是生气的。

5.Which profession is associated with law enforcement?A.Police officerB.NurseC.ChefD.Singer答案：A。

追梦之旅大课堂英语下五年级下册答案外研版

追梦之旅大课堂英语下五年级下册答案外研版1、21．Design a travel guide for Shanghai! ________ the competition and be the winner! [单选题] *A．JoinB．AttendC．EnterD．Take part in (正确答案)2、17．—When ________ they leave here?—Tomorrow morning. [单选题] *A．doB．will(正确答案)C．doesD．are3、59．—Can I talk to the manager?—Please wait ________ minute. [单选题] *A．anB．a(正确答案)C．theD．/4、Mr. Brown ______ the football match next week.（）[单选题] *A. is seeingB. seesC. sawD. is going to see(正确答案)5、We had ____ wonderful lunch last Saturday. [单选题] *A. /B. theC. oneD. a(正确答案)6、Do you know what（）the change in his attitude? [单选题] *A. got throughB. brought about(正确答案)C. turned intoD. resulted from7、I like dancing, ______ I can join the Dancing Club.（）[单选题] *A. becauseB. so(正确答案)C. andD. but8、She serves as a secretary in a university. [单选题] *A. 为…服务B. 担任…职务(正确答案)C. 竞争…服务D. 申请…职务9、The relationship between employers and employees has been studied（）. [单选题] *A. originallyB. extremelyC. violentlyD. intensively(正确答案)10、During the Mid-Autumn Festival, family members often gather together _________ ameal, admire the moon and enjoy moon cakes. [单选题] *A. shareB. to share(正确答案)C. having sharedD. shared11、We have ______ homework today. （）[单选题] *A. too manyB. too much(正确答案)C. much tooD. very much12、--Do you often go to the cinema _______ Sunday?--No, we _______. [单选题] *A. on; don’t(正确答案)B. on; aren’tC. in; doD. in; don’t13、Alice is a ______ girl. She always smiles and says hello to others.（）[单选题] *A. shyB. strictC. healthyD. friendly(正确答案)14、Either you or the president（）the prizes to these gifted winners at the meeting. [单选题] *A. is handing outB. are to hand outC. are handing outD. is to hand out(正确答案)15、His father always _______ by subway. [单选题] *A. go to workB. go to schoolC. goes to bedD. goes to work(正确答案)16、Having stayed in the United States for more than ten years, he got an American（）[单选题] *A. speechB. accent(正确答案)C. voiceD. sound17、What he said sounds _______. [单选题] *A. pleasantlyB. nicelyC. friendly(正确答案)D. wonderfully18、( ) It tells what is going on ___the county and all____the world. [单选题] *A. across; over(正确答案)B. all; acrossC. in; inD.to; for19、17．Joe is a good student and he is busy ______ his studies every day. [单选题] *A．inB．with(正确答案)C．byD．for20、—The weather in Shanghai is cool now, ______ it? —No, not exactly. （）[单选题] *A. doesn’tB. isC. isn’t(正确答案)D. does21、For more information, please _______ us as soon as possible. [单选题] *A. confidentB. confidenceC. contact(正确答案)D. concert22、92．China is a big country ________ a long history. [单选题] *A．hasB．haveC．with(正确答案)D．there is23、The carbon we produce when we breathe is much less than（）produced by a car. [单选题] *A. oneB. itC. that(正确答案)D. those24、John had planned to leave but he decided to stay in the hotel for _____ two days because ofthe heavy rain. [单选题] *A. otherB. another(正确答案)C. the otherD. others25、10．﹣Could you please sweep the floor？I’m going to cook dinner．﹣__________．I’ll do it at once，Mom．[单选题] *A．I’m afraid notB．You’re kiddingC．It’s a shameD．My pleasure(正确答案)26、—______ —（）[单选题] *A. How long did you stay there?B. How much did you pay for the dress?C. How many flowers did you buy?(正确答案)D. How often did you visit your grandparents?27、Don’t ______. He is OK. [单选题] *A. worriedB. worry(正确答案)C. worried aboutD. worry about28、The car _______ after forty minutes driving, so he didn’t have the interview on time. [单选题] *A. broke down(正确答案)B. broke inC. broke outD. broke up29、She is _______, but she looks young. [单选题] *A. in her fifties(正确答案)B. at her fiftyC. in her fiftyD. at her fifties30、Experts are making an investigation on the spot. They want to find a way to（）the tower. [单选题] *A. Restore(正确答案)B. resumeC. recoverD. reunite。

谈员工持股计划(ESOP)在我国的实施

谈员工持股计划（ＥＳＯＰ）在我国的实施一、关于员工持股计划1. 员工持股计划的定义。

员工持股(即ESOP，Employee Stock Ownership Plan的英文缩写)，又称公司员工持股计划。

按照美国员工持股协会( The ESOP Association)的定义：员工持股计划是一种使员工投资于雇主企业从而获得长远收益的员工受益计划，或者说，它是一种使员工成为本企业的股票拥有者的员工受益机制。

2. 员工持股计划的理论来源。

ESOP理论起源于19世纪60年代美国著名经济学家、律师路易斯·凯尔索(Louis·Kelso)的扩大资本所有权思想。

他认为，如果社会资本只掌握在少数人手中，产权过于集中，则经济发展的好处将主要集中于少数人手中，大多数人将不能分享到资本的好处，这将造成严重的分配不公，从而影响到社会的稳定和资本主义的生存与发展。

为此，凯尔索等人希望通过ESOP制度建立起使资本所有权分散化的新机制。

其基本内容是：在企业内部或外部设立专门机构(员工持股会或员工持股信托基金)，这种机构通过借贷方式形成购股资金，然后帮助员工购买并取得本企业的股票，进而使本企业员工从中分得一定比例、一定数额的股票红利，同时也通过员工持股制度调动员工参与企业经营的积极性，和形成对企业经营者的有效约束。

大多数研究结果证实，美国企业生产率在实行员工持股后提高了，许多有力的证据表明实行员工持股在改进企业效率方面发挥了重要作用。

据美国全国员工持股中心的研究结果，实行员工持股计划的公司在企业生产率上比不实行的公司平均高8%~11%。

3. 员工持股计划在中国的发展。

员工持股计划在我国自20世纪80年代初开始发展，发祥于浙江温州、台州及山东周村等地的股份合作制，并得到政府和社会的广泛认可，迅速在全国范围内得到推广，成为许多中小企业改制的普遍和首选形式，是员工持股在我国发展的雏形。

到20世纪90年代初，这种制度已在我国股份制企业得到一定程度的发展。

动机理论和激励方法【外文翻译】

原文：Motivational Theories and Incentives ApproachesRai SumitaReward System: The Objective Motivating FactorMotivational theorics can also be conceptualised into the views of three different schools: physiological, cognitive and behavioural. It is obvious that none of these theories provides a complete answer. Some focus solely on monetary aspects, and others on the relationship aspect. The physiological school of thought holds that all behaviour is determined by physiological needs; cognitive theorists assume that the employee’s behaviour is entirely based on rational thought processes; and behaviourists assume that certain behaviours can be selectively reinforced through reward, and others discouraged. To sum up, we may say that the link between performance and motivation started with the notion that financial rewards do help improve performance, but this was later developed to include a number of non-financial factors. At present none of the theories can adequately describe the link between the two. However, the contextual approach appears to be a better option to define the relationship, as it focuses on both financial and non-financial reward and the component of significant environment, and integrates the notion of individual’s self with his/her context. Here the external context includes the nature of task, kind of reward etc., while the internal context includes the need and value system of an individual and, at the organisational level, the culture. The power of context over motivation is an important area of study.The definition of reward and the structure of the reward system have undergone many changes in the last two decades. In today’s business environment the word reward covers a broad range involving all aspects of fixed pay and other employee benefits including bonuses, pension schemes, base compensation, holidays, sick pay, medical benefits, low interest loans, cars, stock options, and cash. As mentioned earlier, the main emphasis in this study is on incentive schemes, especially the financial aspect.What Motivates an Employee?How can we get workers to be more productive? Management experts have tried to answer this question for several years. In the early part of the 20th Century, employees were considered just another input in the production of goods and services, but this view underwent a drastic change after the publication of the Hawthorne Studies, where Elton Mayo pointed out that employees are motivated not only by money, and that employee behaviour is related to other behaviour. Studies conducted in this area show that ‘interesting work’ is one of the most important criteria for hard work. Creating interesting work might be a challenge for organisations but at the individual level employees would certainly be more productive if the work were interesting. This raises the question, is it possible to make all the work in organizations interesting? Unfortunately, this does not appear to be feasible, partly because what is interesting to one person may not be interesting to another.In this connection several cross-cultural studies also reported that interesting and challenging work inspires people to perform more than what is required of them. They exert additional effort in order to experience a sense of fulfilling their potential and accomplishing worthwhile ends. There are certain qualities attached with intrinsically motivated employees such as greater concern with the expressive aspects of work, and less with financial rewards. Some cross-cultural studies noted that while young people in the Far and Middle East differed from those in North and South America, the major determinant of particular behaviour is the situation. Situation plays an important role and motivation varies over time and situation. Kovach’s study shows that younger workers with low incomes in non-supervisory positions were most concerned with money while older workers with higher incomes and higher organizational positions were motivated more by the work and its quality.Recognition or appreciation for work done involves positive feedback, which helps improve the performance of employees. The rules of feedback follow the principles advocated in reinforcement theory. But in the last decade, good wages have taken the centre stage. All employees, regardless of gender, occupation, age, and income or employment status generally value it. To be noted however is that thestudies cited here are specific to developed countries like the US and the UK. There is to date no proper survey based study conducted in Indian setting to identify the factors that motivate employees to work hard. Demographic factors play a crucial role in levels of motivation. Individuals at different organizational levels, in different environments may have different motivational values. Hence, there is a need to take a look at income level and other demographic factors when analysing attitude for motivational purposes. Even in the era of globalization, where diverse workforces are common, people still carry some aspects from their culture and societal beliefs, which partially explains such variations in behaviour as the Japanese preference for collective recognition.Incentive SchemesIncentives are a special form of reward that encourage and stimulate employees to produce the desired behaviour. There are contrary views on the linkage of incentive and performance. While some researchers assert the significant positive impact of incentives on motivation, others refute it. Some management experts argue that money only motivates people who are already motivated. Opponents of the use of incentives point to the fact that countries like Germany, Japan and Sweden, where incentives programmes are not in use, produce quality goods and services. They argue that incentives are demanding and manipulative, create competition within the firm and divide employees, and distract employees from the importance of their work. It is also difficult to reward on the basis of individual performance because measurement of individual performance is only possible in the rare cases when the work that an individual does is independent of others. In most software companies, for instance, the emphasis is on teamwork spanning a cross section of technologies and businesses.According to Kohn, rewards by and large succeed in securing only temporary compliance, and do not create an enduring commitment to any value or actions. Bribes in the workplace simply cannot work because pay is not a motivator and rewards punish, rupture relationships, ignore reasons, discourage risk-taking, and undermine interest. Similarly, Herzberg holds that fear and coercion cannot create or increase motivation, and that KITA may produce a kind of movement but cannotcreate motivation.In a classic study of incentive-pay plans, W F Whyte pointed out that individuals who believed that incentives are important to motivation tend to be loners who do not join group activities. They believe that money making is a mark of virtue because it is a sign that they work hard.Other researchers have found evidence that rewards influence employee motivation and satisfaction, and play an important role in attracting the right employees, encouraging these employees to develop the critical skills and knowledge and finally retaining those employees for the future success of the organisation. In a competitive, consumerist globalised environment, the number of firms competing for excellent employees especially in knowledge-based industries is constantly increasing, and it is imperative to retain high performers by rewarding them.Incentive schemes are established with the objective of improving performance through fulfilling the needs of the employees. The importance of rewards could be high or low, depending on the context. Employees who are at the stage of struggling to fulfill basic needs would prefer cash rewards, while those who are a little more comfortable will tend to seek reward and recognition in the form of ‘satisfaction income’ – appreciation, interesting work, freedom to work, empowerment. In order to reap the full benefits of the reward system it is imperative to ensure good processes that are fair, equitable, appropriate and relative to the market place.Financial IncentivesThere are many methods of relating the performance of employees directly to their remuneration. It has been found that performance related remuneration has been partially useful in the context of some developed countries. Hume has reported that 78.5% of the organisations surveyed believed that PRR motivates employees and provides a better scope of the notion of social equity, and operated at least one system of PRR. Hume has also reported that financial reward had a great effect on employee performance in the UK and some other countries. Payment by results, profit sharing, gain sharing, commission, and ESOP are some of the commonly used forms of PRR.Base pay, as opposed to payment by results, is the traditional regular income thatpeople receive for their contribution. It follows the principle of rewarding employees according to their role and designation. In this method, individual accountability for receiving a reward is very low. Today, companies everywhere are seeking ways to minimise base pay and increase the variable component of rewards in the pay, thereby controlling costs, achieving maximum performance and ensuring individual accountability. Thus, those who perform better will receive higher pay than those whose level of work is only average or below average.Organisations in some developed countries follow the merit pay system, either in the form of salary increases or in the form of a bonus. However, the efficacy of merit pay in boosting employee performance in developing countries like India has not been studied. Further, in western countries the budget of offering merit pay is very small. It is difficult to award an increase of above 5% individually without denying the pay increase of other people. Hence the actual range of merit increase could be so low as to be meaningless from the employee point of view.W Edwards Deming held that firms should not differentiate individual performance with merit increases. Such systems, he and some other researchers believe, emphasise individual performance, even though individuals are rarely responsible for quality problems. They argue that it is important to focus on systemic causes of low quality rather than individual performance and its relationship to quality. Since people expect their annual pay increase in any case, merit pay does not have a significant effect on motivation.ESOP and other equity-related programmes are also believed to improve the productivity of the firm and the motivation levels of employees. The effectiveness of ESOP and other stock based incentives may depend on the structure of the organisation. In a large organisation, it may be a better motivator for key level executives rather than the average level of employee, as the decisions of the top management level are reflected in the market. Though there are advantages to using ESOP, there are certain problems too. The value of the award basically depends on the performance of the firm in the eyes of investors. These kinds of rewards are basically designed to retain employees, because they lose out if they leave the organisation. Butthe effectiveness of the strategy is arguable. Companies like PeopleSoft, Intel, HP, and IBM have rejected this incentive programme. Recently Microsoft has stopped rewarding employee through ESOP.ConclusionAn attempt has been made in the present article to argue that among other things, motivation is crucial for good performance and hence it is important to study what motivates employees for better performance. There are two views regarding money as a motivator: some scholars favour the idea of motivating employees through financial reward whereas others advocate psychological rewards as more important to promote better performance. The literature indicates that good wages as well as appreciation of work done are important in the modern context.Different types of incentives come under financial motivation and it is important for an organisation to design good reward systems appropriate to its employees, and keeping in mind individual as well as organisational goals. Concerns of equity and fairness need to be addressed if the incentives are to prove an effective motivator for organisational growth.While there does not seem to be a clear-cut linkage between any particular method of financial incentive and employee performance (and organisational performance), it is clear that financial incentives do have a significant influence on the motivation level, from worker to CEO. The level and the form could be different but their importance in the present scenario cannot be denied. In the words of Drucker, ‘There is not one shred of evidence that people have taken the turning away from material rewards…anti-materialism is a myth, no matter how much it is extolled, economic incentives are becoming rights rather than rewards.’（节选）IIMB Management Review (Indian Institute of Management Bangalore)，Dec2004，V ol.16 Issue 4，p43-50，8p，3 Charts.译文：动机理论和激励方法Rai Sumita奖励系统：目标激励因素动机理论也能运用在三种不同的领域：心理、认知和行为。

esop的操作流程

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文档下载后可定制随意修改，请根据实际需要进行相应的调整和使用，谢谢!并且，本店铺为大家提供各种各样类型的实用资料，如教育随笔、日记赏析、句子摘抄、古诗大全、经典美文、话题作文、工作总结、词语解析、文案摘录、其他资料等等，如想了解不同资料格式和写法，敬请关注!Download tips: This document is carefully compiled by theeditor. I hope that after you download them,they can help yousolve practical problems. The document can be customized andmodified after downloading,please adjust and use it according toactual needs, thank you!In addition, our shop provides you with various types ofpractical materials,such as educational essays, diaryappreciation,sentence excerpts,ancient poems,classic articles,topic composition,work summary,word parsing,copy excerpts,other materials and so on,want to know different data formats andwriting methods,please pay attention!ESOP（Employee Stock Ownership Plan）即员工持股计划，是一种使员工成为公司股东的激励机制。

员工持股流程

员工持股流程Title: Employee Stock Ownership Process标题：员工持股流程In order to align the interests of employees with those of the company, many organizations have implemented employee stock ownership plans (ESOPs).These plans allow employees to own a stake in the company, typically through the distribution of company shares or stock options.The process of enrolling in and managing an ESOP can be broken down into several key steps.为了将员工的利益与公司的利益相一致，许多组织已经实施了员工股票拥有计划（ESOP）。

这些计划允许员工拥有公司的股份，通常是通过分发公司股票或股票期权。

加入和管理ESOP的过程可以分为几个关键步骤。

The first step in the employee stock ownership process is enrollment.Employees must meet certain criteria to be eligible for the ESOP, such as a minimum length of service or a specified age.Once eligible, employees can enroll in the plan and begin accruing shares or stock options, typically on a monthly basis.员工股票拥有过程的第一步是报名。

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The ESOP Association and the Employee Ownership Foundation Release Results of the 2010 ESOP Company Survey
2010年08月11日10:00
WASHINGTON, Aug. 11 /PRNewswire-USNewswire/ --The ESOP Association and the Employee Ownership Foundation released today the results of a survey conducted among the Association's 1,400 corporate members in the first quarter of 2010 which confirms positive benchmarks for ESOP (employee stock ownership plan) companies. The company survey is conducted every five years and was last completed in 2005. Prior to 2005, the survey was completed in 2000.
The eye-opening statistics of the 2010 survey are the increase in age of the ESOP and account balances. In 2010, the average age of the ESOP was reported to be 15 years as opposed to prior years where the ESOPs reporting where much younger. In addition, the average account balance has risen dramatically to $195,222.65; a much higher figure which correlates with the age of ESOPs participating in this year's survey.
The 2010 results have also shown a rise in the number of S corporation ESOP companies which was reported as 73% this year. This figure is in line with ESOP Association membership figures that show 66% of members as S corporations. Another interesting figure was the number of C corporations considering converting to an S. In previous years, the number answering yes to this question was 45%, in 2010 the number dropped 10% to 35.5%. The reason for establishing an ESOP has not changed over the last decade, with 50% of the respondents reporting that their ESOPs were created as part of an exit strategy, or a buyout from current owners. This figure is not surprising considering this has been the driving force behind the establishment of ESOPs for more than two decades now. In addition to an exit strategy, 23% reported that the ESOP was created to provide an additional employee benefit and another 21% stated the attraction of the employee ownership concept as the reason.
The figure for the amount of stock held by the ESOP has increased dramatically to 78% in 2010, up 10% over the 2005 survey data, and up 12% compared to the 2000 data. The number of currently leveraged ESOPs has decreased with 52% of companies reporting that they are not currently leveraged and have paid off ESOP debt. These results also reflect the age of the ESOP as most ESOP loans are a 7-12 year term. Approximately 90% of members reported having retirement savings plans in addition to the ESOP including the use of 401(k) plans, pension plans, stock purchase plans, and stock options.
In terms of motivation and productivity, 84% of respondents agree that the ESOP improved motivation and productivity. In addition, 78% of companies participating in the survey advertise the fact that they are employee owned through websites, in company literature, and in marketing campaigns.
"The data from the Association's company survey, which is done every five years, proves the case for more employee ownership," said J. Michael Keeling, president of The ESOP Association. "When coupled with 30 plus years of research, this survey shows employee owned companies are better performing, provide greater wealth creation for employee owners, stay in business longer, have greater profitability, offer better benefits, and have more employee involvement in decision making. Shared capitalism offers
new prospects for U.S. businesses, and as a community, we need to be promoting these benefits more widely."
The above is a sampling of the data that was collected. In addition to providing members with a comprehensive summary of the results, a publication detailing all 45 questions and responses will be available for purchase by members and non-members in the fall of 2010. This year, 460 members participated in the ESOP Company Survey.
The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. SOURCE The ESOP Association。