A WELL-GROWN CULTURE ADVANCING TOWARD THE FUTURE Locke Supply Co.’s ESOP structure profoundly influences not only its growth trajectory and bottom line but also its employee retention, recruitment, and overall culture. Turnover is low and retention is high due to the understanding that the company’s share value grows directly in line with organizational growth. This inherently aligns all efforts towards efficiency and excellence, without an overbearing rush to accomplish it right away. “I was always a tortoise and hare fan, and slow and steady certainly seems to be the approach we take. Slow, steady, and very consistent growth,” Orman III explains. This patient approach, driven by the fundamental mechanism that is the ESOP itself, ensures that the company’s actions contribute to sustainable, enduring value rather than short-term gains. Everyone involved understands that if the company grows, they grow as well, and that when the company grows, it pays out more to them as individuals. It’s an incredibly powerful positive feedback loop that creates loyal, long-standing employee-owners within the company. Orman III is a prime example of this. Having started in the warehouse at 18, he expresses immense pride Thank you for your partnership! Congratulations on your 70 years of success! fujitsugeneral.com 16 BUSINESS VIEW MAGAZINE VOLUME 12, ISSUE 07
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