October is Employee Ownership Month. It is a time to recognize the people who make our organization what it is. At Innovance and Mass Finishing, employee ownership is an investment in our people, our future, and the customers who count on us.
As an employee-owned organization, we believe that when employees have a stake in the company’s success, everyone benefits. From opportunities for professional growth to a shared commitment to quality and customer service, employee ownership helps shape the way we work every day. These benefits even extend to our customers!
Employee Ownership by the Numbers
Our employee ownership culture is reflected in some impressive statistics:
100% employee ownership participation. Every eligible employee participates in our employee ownership program, giving our team a shared stake in the organization’s success. Employee ownership gives our team members a personal stake in the organization’s future. As the company grows and creates value, employees can benefit from that success through the employee ownership program.
220% share value growth since 2015. This growth reflects the long-term value created by our collective efforts and provides an opportunity for employees to benefit financially as the company grows. It also encourages a long-term perspective. Rather than focusing only on immediate results, employee-owners have a reason to think about the future of the organization, support their coworkers, and look for ways to improve how we operate.
20% of open positions are filled internally. We invest in our people and create opportunities for employees to develop new skills, take on greater responsibilities, and advance their careers. Mass Finishing supports employees and their families anyway we can. We encourage those looking to advance to apply for new positions within the organization.
One in five employees has been with the organization for 20 years or more. Our long-tenured employees bring valuable experience, institutional knowledge, and a deep understanding of our products and customers. This knowledge is passed onto new employees through hands-on training supervised by those in leadership roles.
32+ annual training hours per employee-owner. Ongoing training helps our people strengthen their skills, adapt to new challenges, and continue improving the way we work. Investing in training and promoting from within reinforces that commitment. Employees have opportunities to expand their knowledge, build careers, and contribute in new ways. Combined with the experience of long-tenured team members, these opportunities help create a knowledgeable and capable workforce.
These numbers represent milestones that reflect a culture built around shared success, professional development, and long-term commitment.
How Those Benefits Reach Our Customers
The advantages of employee ownership extend beyond our team. They influence the experience our customers have when working with MFI.
Experience you can count on. Long-tenured employees bring years of hands-on knowledge to the table. For our customers, that means working with people who understand our equipment, our processes, and the challenges manufacturers face.
A commitment to doing things right. When employees share in the organization’s success, they have an added incentive to take pride in their work, look for improvements, and help maintain the quality customers expect.
Knowledge that continues to grow. Ongoing training helps our team keep building its technical expertise. At MFI, that knowledge supports our ability to help customers select the right equipment that works for their product and fits perfectly within their process.
Relationships built for the long term. Employee ownership encourages us to think beyond a single transaction. We want to build lasting relationships with customers by providing dependable support, offering on-site maintenance and start-ups, and having a reliable supply of media and compounds to keep you up and running.
Shared Success, Lasting Relationships
Employee ownership creates a connection between the people who build our business and the customers who depend on us. When our employees have opportunities to grow, they help strengthen the knowledge and commitment we bring to every customer relationship.
This Employee Ownership Month, we are proud to recognize the employee-owners who make that possible. Their experience, dedication, and willingness to keep improving are an important part of what makes Innovance and MFI successful.
Our people are invested in our future, and that investment helps us deliver lasting value to our customers. Experience the ESOP difference for yourself; send us your sample parts and we’ll run them in our test lab for free!