RESTON, Va., Sept. 9, 2016 /PRNewswire/ -- Janus Global Operations (JGO) is America's 16th-largest employee-owned company, according to the national non-profit organization that provides companies with employee ownership and stock plans information and related costs.
In 2015, JGO ranked 41st on the National Center for Employee Ownership (NCEO) Employee Ownership 100 list, made up of the nation's largest 100 companies by employment; Employee Stock Ownership Plans (ESOP); or other plans in which 50 percent of a company's stock is owned by 50 percent or more of the workforce.
The NCEO says companies with employee ownership outperform non-employee ownership companies; for example, it says ESOP companies grow about 2.5% per year faster in sales, employment, and productivity than would otherwise have been expected and provide more than twice the total retirement assets of non-ESOP companies.
"Employee ownership is an incentive for all of us and represents why our employees are personally invested in our service to clients," said Steven Hile, JGO chief financial officer. "JGO employees don't just work for this company, they own it."
The NCEO says approximately 7,000 U.S. ESOPs include some 14 million participants and that ESOP participants have some $1 trillion in assets.
In a news release announcing the 2016 Employee Ownership 100 list, NCEO executive director Loren Rodgers said the list "shows just how important this concept is in the U.S. economy. The companies on the list represent a broad range of industries and include many of the most awarded, innovative companies in the country. It is a model the economy would do well to follow."
JGO employs over 7,000 people worldwide. The company's client services include risk management; munitions management; demining and mitigation of unexploded ordnance; intelligence support; logistics; communications; life support, and other services, often in some of the world's most difficult environments. The company's website is www.janusgo.com.
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SOURCE Janus Global Operations