Unleash the motivating power of Profit Sharing & Direct Employee Ownership.
Tandem is a nonprofit dedicated to helping you create and share more success. We work collaboratively with you and your professional advisors to help you utilize Profit Sharing and/or Direct Employee Ownership to achieve your goals.
Benefits of Profit Sharing & Direct Employee Ownership
Employee Engagement – Improve your ability to recruit and engage employees who drive growth and success for your business
Rewards for Employees & Owners – Share success in ways that motivate high performance by rewarding all employees and all owners
Succession – Transition ownership and leadership to the next generations at a pace that works for you and the next generations
Legacy – Continue your business as a valued employer rooted in the community
Our 5-Phase Process
As a nonprofit partially supported by grants, donations, and sponsorships, we offer personalized help that is cost-effective for any-sized businesses.
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Phase 1: Explore
Begin with a free consultation to understand your goals and compare strategies for Profit Sharing and/or Employee Ownership
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Phase 2: Evaluate
Determine success criteria, programs, and timelines. If Profit Sharing and/or Direct Employee Ownership is the right fit, proceed to design with Tandem
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Phase 3: Design
Develop program design, financial model, and documents as well as provide templates for an efficient rollout
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Phase 4: Implement
Support the program launch from announcement to education and celebrate key milestones like profit-sharing payouts or stock issuance
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Phase 5: Enhance
Continuously assess and refine the program's success, communication, and design to support ongoing shared success
Programs and Practices
Tandem’s programs and practices can be tailored to each business’s unique needs. While they can be used independently, they gain the most motivational power when they all support each other. They can be introduced sequentially, each acting as an on-ramp to the next.
Employee Engagement
Engage all employees in creating more success by sharing performance data, training on business literacy, providing opportunities to contribute ideas, and celebrating wins together.
Profit Sharing
A designated percentage of profits is split among all employees using a simple allocation formula, giving all employees a direct stake in working towards increased company success.
Direct Employee Ownership
All employees get an easily accessible opportunity to buy and receive company stock, leading to an incremental transition of ownership to the next generations while being motivational and financially rewarding to all employees and all owners.
Success Story
Cargas, an employee-owned software company in Downtown Lancaster, Pennsylvania, exemplifies the benefit of shared business success programs. Since its inception in 1988, Cargas has fostered a culture of transparency through open book management. In 1996, they added cash profit sharing, which accelerated their growth, and implemented direct employee ownership in 1998.
Today, with nearly 200 employees, Cargas is majority-owned by the second generation of employee-owners, with the third generation planning to continue the legacy. This multi-generational example highlights the effectiveness these programs can bring to your company.
Employee Ownership Succession at Cargas
Connect With Us
As a nonprofit, Tandem is designed to help you discover employee engagement, profit sharing, and employee ownership options. The team at Tandem walks alongside you to evaluate your needs, outline a potential path forward, and make the transition smooth. Ready to explore your options?