With the ESOP being so young, the company’s leaders have made it a point to show employees that the benefits of an ESOP reach beyond just retirement savings and even influence the company culture. The message they want to convey is clear. Industrial Resources, Inc. is where you want to work and will be rewarded for doing so. Despite being so young some employees are already beginning to see the retirement benefits that can only be experienced with an ESOP. “After only three years we have employees with over $30,000 in their account…we’re investing a lot into the ESOP. So, the people are getting a nice allocation of shares, and the share price has doubled since inception,” Kallshian explains. FUTURE GOALS AND STRATEGIES Looking ahead, Industrial Resources aims to create a workplace that attracts new talent while maintaining its commitment to quality and customer satisfaction. To better appeal to younger individuals, the company seeks to bolster the workforce from the ground up and has sought out many collaborative opportunities with local high schools, trade schools and colleges. Industrial Resources recognizes that traditional extended education is not for everyone and aims to be the alternative for young people looking to establish a strong foundation for themselves with a company that values them. Additionally, the company recognizes the need to expand the depth of its offerings rather than the size of its territory. Due to the nature of the commercial fishing industry, it serves, there is an inherent lack of new marine sector companies that Industrial Resources can do business with. This is why it’s seeking to more smoothly integrate the newly acquired Superior Systems into its existing operational model, to improve its standing in the fabrication industry, as the company seems to have reached the peak of the commercial fishing industry where customers are faced with expansion investments so big they become impractical. Sawmill dust collection bag house 133 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 06 INDUSTRIAL RESOURCES, INC.
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