Celebrate accomplishments in a big way to boost pride, self-esteem, and encourage continued good work.
Build a strong foundation before moving forward with growth to ensure long-term success.
Be proactive in meeting the needs of your employees.
ESOPs offer a way for employees to benefit from the growth of the company and give them a sense of psychological ownership.
Premium healthcare benefits are difficult to find—research a company to determine if it’s a good fit for you.
Prioritizing your mental health is important, so take advantage of the benefits the company offers.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
You can work at PTTG without a college degree, and they are a second-chance employer.
It’s important to pursue growth and success to make a positive impact on people and the community around you.
A company’s impact is determined by the people and their willingness to do the right thing.
PTTG has a strong safety culture and prioritizes safety protocols and guidelines
The workplace is family-oriented, and events are organized to create a sense of community
We value our employees and encourage everyone to be themselves
How those inside and outside PTTG are influenced by leadership
It’s vital to maintain culture while growing and becoming efficient
Leadership is the responsibility of every employee
Building a strong foundation before moving forward with growth is essential
PTTG is committed to preparedness in order to leverage opportunities for success
The company is investing in its people and processes, including upgrading equipment and IT systems
How PTTG became an ESOP and choose their next group of leaders
Why personal and professional relationships are an important part of the culture
How safety measures have improved significantly over time
PTTG is a faith-based organization that strives to further the Kingdom in everything they do
Respecting one another creates a family-like atmosphere within PTTG
Discipline, relationships, heritage, and integrity are the driving force behind PTTG
Faith is an integral part of life and the PTTG corporate heart
We are a family that values teamwork and multi-input decision-making
Our people prioritize the safety and well-being of their fellow employees
Promoting Weather-Ready Nation messages and themes to their stakeholders
Engaging with NOAA’s National Weather Service on potential collaboration opportunities
Sharing success stories of preparedness and resiliency
Serving as an example by educating employees on workplace preparedness
EF Rating | 3 Second Gust | |
---|---|---|
0 | 65-85 mph | Might knock over trees, do a little bit of shingle damage. |
1 | 86-110 mph | More shingle roof damage, snap off trees, flip over mobile home. |
2 | 111-135 mph | Take roofs off. |
3 | 136-165 mph | Take roof off and leave only most interior part of house. |
4 | 166-200 mph | Knock everything down. |
5 | Over 200 mph | Wipes everything off foundation. |
Safety should be the number one priority in any workplace, and employees should take personal and corporate responsibility to ensure everyone goes home safely every day.
Skilled trades are becoming more in demand, and PTTG recognizes the value of skills learned through training and experience, not just formal education.
Success in the workplace depends on developing a strong work ethic, continuously improving skills, and building relationships based on trust and mutual respect.
You can work at PTTG without a college degree, and they are a second-chance employer.
It’s important to pursue growth and success to make a positive impact on people and the community around you.
A company’s impact is determined by the people and their willingness to do the right thing.
PTTG has a strong safety culture and prioritizes safety protocols and guidelines
The workplace is family-oriented, and events are organized to create a sense of community
We value our employees and encourage everyone to be themselves
How those inside and outside PTTG are influenced by leadership
It’s vital to maintain culture while growing and becoming efficient
Leadership is the responsibility of every employee
Building a strong foundation before moving forward with growth is essential
PTTG is committed to preparedness in order to leverage opportunities for success
The company is investing in its people and processes, including upgrading equipment and IT systems
How PTTG became an ESOP and choose their next group of leaders
Why personal and professional relationships are an important part of the culture
How safety measures have improved significantly over time
PTTG is a faith-based organization that strives to further the Kingdom in everything they do
Respecting one another creates a family-like atmosphere within PTTG
Discipline, relationships, heritage, and integrity are the driving force behind PTTG
Faith is an integral part of life and the PTTG corporate heart
We are a family that values teamwork and multi-input decision-making
Our people prioritize the safety and well-being of their fellow employees
Promoting Weather-Ready Nation messages and themes to their stakeholders
Engaging with NOAA’s National Weather Service on potential collaboration opportunities
Sharing success stories of preparedness and resiliency
Serving as an example by educating employees on workplace preparedness
EF Rating | 3 Second Gust | |
---|---|---|
0 | 65-85 mph | Might knock over trees, do a little bit of shingle damage. |
1 | 86-110 mph | More shingle roof damage, snap off trees, flip over mobile home. |
2 | 111-135 mph | Take roofs off. |
3 | 136-165 mph | Take roof off and leave only most interior part of house. |
4 | 166-200 mph | Knock everything down. |
5 | Over 200 mph | Wipes everything off foundation. |
Pittsburg Tank & Tower Group President Ben Johnson couldn’t wait to share the big news. Literally, he cut his vacation a little short to announce to the entire Pittsburg family on October 1, 2021, that PTTG was officially 100 percent employee-owned.
“ESOP is much more than employee ownership,” said Allstate Tower Drafting Manager Jeff Webber. “ESOP closes the loop and binds us all to our future together. We spend about 80 percent of our waking hours with our co-workers and then go home to our separate lives. Now we are all bound to the future together with a common purpose. That truly creates the PTTG family!”
Ben first announced the creation of the Employee Stock Ownership Plan (ESOP) during the company’s Christmas party in late December 2019. The announcement came after a year-long celebration of the 100th anniversary of Pittsburg’s founding.
Established in 1919 by Joseph Boyd McClelland, the company focused on water tanks and smokestack maintenance. His son, Cloyce, took over the company in the 1940s and moved it to Pittsburg, Kansas. Donna McClelland sold the company to longtime business associate Don Johnston in 1983, and he relocated Pittsburg to his hometown of Henderson, Kentucky.
Under the Johnston family, Pittsburg transformed into a full-tank service supplier, doing everything from erecting tanks to repairing them to tearing them down. The family also added Allstate Tower, a communication tower and agricultural accessory company in 2003, and purchased LEC, a tank diving company, in 2018.
Looking for ways to continue to grow the company and ensure it remains for the next 100 years, Ben Johnston felt it best to transform Pittsburg from a family-owned company to an employee-owned one.
So, after much research and deliberation, the Johnston family decided to place 30 percent of its shares in a trust. That meant that 30 percent of the shares were available to allocate to employees over 10 years.
Being 100 percent ESOP means any increased value goes to the shareholders – AKA the employees – because there are no outside shareholders. Employees will receive more shares each year into their ESOP account. That also means that everyone’s hard work and efforts to increase the company’s profitability are rewarded in rising share prices. As PTTG profits increase, so does the value of the ESOP shares.
“Having ESOP makes me have a greater sense of purpose when coming to work,” said PTTM Project Manager Nick Nation. “It pushes everyone to be the best version of themselves.”
The ESOP shares are distributed over time to ensure shares will be available throughout an employee’s career at Pittsburg Tank & Tower Group. Eligible employees are allocated shares to their ESOP account each year at no cost to the employees. To be eligible, employees must work at least 1,000 hours in a calendar year, and be employed by Pittsburg on December 31 of that same calendar year.
“Having ESOP makes me have a greater sense of purpose when coming to work,” said PTTM Project Manager Nick Nation. “It pushes everyone to be the best version of themselves.”
“ESOP has increased in me a level of pride and loyalty that I’ve not known with any other employer, said PTTG Financial Analyst Angela Garrett. “I recognize that my co-workers and I owe it to everyone to be the very best at what we do. We are not individuals at PTTG but are a family unit – all working for the betterment of one another. I believe that a successful PTTG employee will embrace the family mentality and perform accordingly.”
ESOP is an additional retirement plan. Pittsburg will continue to invest in employees’ 401(k) plans, which are separate from ESOP.
“This is more than a paycheck,” Chief Wellness Officer Dylan Phelps said. “This is way beyond the deal we signed up for. At the end of your career, you’ll have an opportunity to retire with an incredible amount of financial dignity.”
Pittsburg employees received their first ESOP statements this spring, during a presentation at the Henderson Preston Arts Center on Henderson Community College’s campus. It was a joyful occasion. While most ESOP companies’ share value declines in their first year, Pittsburg’s ESOP grew by 15 percent.
Copyright © 2024 Pittsburg Tank & Tower Group. All Rights Reserved