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Employee Ownership
Enhancing company and individual success.
Cargas Systems is an employee-owned company. In 1998, Chip Cargas, Founder of Cargas Systems, rolled out an employee ownership plan. The new offering was designed to support Chip’s ultimate dream of building a rewarding, team-oriented place to work, where employees share in the financial success of the organization.
Cargas provides all employees with stock ownership opportunities and significant equity growth potential. This supports the company’s privately-owned and predominantly employee-owned status, which in turn promotes stability and reinforces Company culture.
Since the initial offering, Chip has reduced his stock ownership from 100% to 60%. 93% of Cargas employees are shareholders. Even those who do not own stock in the Company are encouraged to perform according to the employee-owned culture that has been fostered throughout the history of Cargas.
Employee ownership has positively impacted Cargas in many tremendous ways. The Company has been able to consistently attract and retain talented employees, which is often a difficult task in the technology arena. In addition, the level of employee commitment to Company and individual success is constantly on the rise.
Employee ownership has created a bond that connects Cargas’ purpose, core values and culture, resulting in a fun, team-oriented and successful company.
Hear what Cargas employees are saying about employee ownership, click here.
To provide an in-depth answer to the question, "How do we do it?" we have developed The Cargas Plan Toolkit and consulting services to make it easier for other companies to implement our brand of teamwork, profit sharing, and employee ownership.
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