It was the original vision for Rincon to serve as a platform that enabled its employees to live the life they have always imagined for themselves. Part of this was to make Rincon an employee-owned company.
What exactly does Employee Owned Mean?
A company is employee-owned when it has significant and broad-based ownership by employees.
Significant means a sizeable portion of the business - at least 30%. Broad-based means access is open to everyone and concentration is limited.
How much of the company do Rincon Employees own?
Founders own 51%, while employees own 49%.
Statistics on Employee Owned Companies
- Employee-owners have nearly 2x the median wealth of non-employee-owners
- Employee-owners have almost two years longer tenure
- Sales growth in Employee Owned companies found to be 2.4%-3.5% higher than non-employee-owned companies
- 35% of consumers say they're more likely to buy a product made by an EO company
- Employee Owned companies are 75% less likely to go out of business
Learn More - Rincon EO and the EO Movement
Rincon is a pioneer in the Employee Owned movement. The Founders view employee ownership as one important part of a series of broad based initiatives to help close the income inequality gap in America and beyond. As a demonstration of our commitment to this movement we've joined the Certified EO association. Certified EO helps promote and propagate Employee Ownership across different business types and verticals. EO currently assists over 50 companies and 65,000 employee owners.