We are 100% employee owned!

As employee owners, we feel a deeper connection to the work we do, our clients, and each other. It helps us maintain a sense of community, and provides a responsibility to our shareholders to uphold our core values. Holding ownership over the work we perform also translates to a higher set of standards, and an Extraordinary Enjoyable Experience™ for our clients.

Being part of an ESOP (Employee Stock Ownership Plan) program is a unique point in our benefits package, and is a no-cost, supplemental retirement plan, in addition to a 401(K). Every year, eligible participants receive a stock contribution related to the year-end share price. It is a well planned, intentional program created to share the company’s success with ALL employees.

Embracing the Woodruff Way

As an 100% employee owned company, our people and our quality of service make all the difference. We encourage employees to work with an owner mindset and perform to the highest expectations. Since we all have a stake in the company’s success, we must work together to get the job done. We embrace a culture that is focused on safety first on the jobsite, continuous improvement, and taking the time to celebrate accomplishments.

Through share price reveals, quarterly state of the company meetings, family picnics, holiday parties, and more, we make sure everyone is empowered to make a difference here at Woodruff.

what is an ESOP?

Many companies in the construction industry are owned by a select few employees, or are family-owned. In 2020 we changed our company structure to allow all employees to become owners. This allowed Woodruff to retain the family legacy, while transferring ownership to employees, in turn retaining the company’s culture without selling to another entity. Being part of an ESOP program is a unique point in our benefits package, and is a no-cost, supplemental retirement plan, in addition to a 401(K). Every year, eligible participants receive a stock contribution related to the year-end share price. It is a well planned, intentional program created to share the company’s success with ALL employees.

Benefits of an esop in construction

When employees become owners, they have a stake in what happens to that company. That results in employee-owners becoming more actively involved in making the company the best it can be - whether it’s building better client relationships, bringing new and innovative ideas to the table, being open to new training opportunities and more.

Often, employee-owned companies see an increased longevity of employees, because an ESOP empowers them to perform at their highest potential – when the company performs better, share values increase, and all the employee shareholders benefit.

Employee-owned business tend to fate better in economic crises, like recessions. A study from the 2008 U.S. recession showed that ESOPs outperformed their counterparts, and were still hiring new employees, rather than being forced to let some go.