Established as a local family-owned business, we have built a legacy of trust, dedication, and excellence. In our significant growth over the years, our team has maintained a dedication to the community and a culture of family while evolving to improve our processes and give our employees a career they love. As noted in our company’s history, we embarked on a transformative journey in 2018. We became an Employee Stock Ownership Plan (ESOP) company.
Transitioning from a family-owned business to an ESOP in 2018 was driven by our belief that our employees are the backbone of our success. By becoming an ESOP, we made each employee a co-owner, ensuring everyone has a stake in our collective success.
Becoming an ESOP has empowered our employees with a sense of ownership and responsibility. Our team has recognized the many benefits having a stake in their business, allowing our company to experience:
Employees are more involved in decision-making and take greater pride in their work. Before becoming an ESOP, our company employees had an average tenure of 10-24 years. Since 2018, we’ve had even lower turnover. People are invested in our business for the long-term.
Employee ownership offers greater financial security, adding to the longevity of our people’s tenure with IDI and our clients continued experience with the team they know and trust. Clients recognize that our employee-owners are personally invested in project outcomes, as their success is directly tied to the success of each project.
Our ESOP journey is just the beginning. We are excited about the future and the endless possibilities of employee ownership. Together, we are dedicated to achieving new heights and ensuring IDI remains a leader in our industry.
A 2023 NCEO (National Center for Employee Ownership) found that ESOPs reported a voluntary resignation rate of their employees at roughly one-third the national average. In addition, the study found that employee owners, on average, have more than double the retirement savings in comparison to non-ESOP counterparts. Source
For more information on our business, fill out our Contact Form.
Interested in joining our owner-team? Check out our careers page and apply for a role that suits your experience.
