Employee-Ownership
At Collaborative Testing Services (CTS), we pride ourselves on being a 100% employee-owned company. Each member of our team earns an ownership share through our Employee Stock Ownership Plan (ESOP) and is treated like an owner of CTS; however, the benefits of employee-ownership extend far beyond just how we choose to run our business.
Benefits for Our Customers
At CTS, we are personally and literally invested in the success of our company. It is ongoing ownership that encourages the building of long-term relationships with our customers and makes us passionate about what we do. Ownership drives our commitment to providing excellent service and proficiency testing that satisfies the evolving needs of our customers. Like other small, locally-owned businesses, we are motivated by our direct ownership of CTS' success, allowing us to deliver unparalleled proficiency testing programs on a global scale.
Benefits for Community Engagement
We serve customers in several sectors and industries with expertise. Employee-owners stay with their companies longer. Our alignment of incentive and commitment yield more experience, engagement, collaboration, and dialogue with our communities.
Benefits for Us
An alternative to a traditional retirement plan is just the beginning of employee-ownership at CTS — we work with and for each other. Through open-book financials, soliciting all employee-owners’ input on key decisions, and sharing profits, we foster a growth-oriented culture where our staff are professionally empowered by their colleagues and personally motivated by their direct contributions to our success.
Benefits for Society
As supplier responsibility becomes more important every day, CTS is proud to be a leader in the field. Our employee-ownership not only empowers our staff to advocate for themselves, each other, and our communities, but also addresses the pressing issue of wealth inequality.
According to a study conducted by The ESOP Association (TEA), SKDK, and HarrisX, ESOP employees are twice as likely to have $100k in retirement savings, and more than twice as likely to have $100k in personal savings; additionally, 81% of employee-owners feel fully prepared for retirement compared with 50% of all workers. ESOPs like CTS provide employees at all levels and from all backgrounds the opportunity and incentive to build wealth through capital ownership at no cost to them.
