Employee stock ownership plan

An Employee Stock Ownership Plan (ESOP) is something that helps businesses give their employees a chance to own part of the company they work for. In an ESOP, the employer sets aside a certain percentage of the company's stock and gives it to the employees. That way, when the company does well, the employees can benefit financially from the profits. It's similar to having money in the stock market, but instead of buying the stocks, the employees receive them for free from their employer. ESOPs can be a great way for employees to become part owners of their company and feel more involved in the success of their workplace.