Employee Owned
Applied Engineering is a 100% ESOP employee-owned company
What does this mean?
An Employee Stock Ownership Plan (ESOP) is an employee benefit plan which makes the employees of a company owners of stock rights in that company.
What’s in it for the employees?
Annually, participating employees are allocated rights to shares of Applied stock. When leaving Applied, employees receive the cash value of their accounts. The better Applied performs, the greater the value of our ESOP accounts. Employees directly impact the success of the company, meaning Applied’s leaders are dedicated to the personal and professional growth of all employees.
What is an employee-owner?
Employees have a personal relationship with the company they work for because of their service and commitment to their job. Being an employee-owner means you have the ability to impact Applied’s performance with your good work habits, reducing waste, and finding better ways to perform tasks and improve profitability.