Small firms give employees a share of ownership in the business through

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Employee stock ownership plans (ESOPs) are a means for small firms to give employees a share of ownership in the business. ESOPs are qualified retirement plans that invest in company stock, allowing employees to purchase shares of the company at a discounted price, or receive them as part of a profit-sharing plan. This can help increase employee motivation and loyalty, as well as foster a sense of ownership and pride in the company's success.

Small Firms Give Employees a Share of Ownership in the Business