Our Commitment
As employee owners, we feel a deeper connection to the work we do, our clients, and each other. It helps us maintain a sense of community, and provides a responsibility to our shareholders to uphold our core values.
Holding ownership over the work we perform also translates to a higher set of standards, and an Extraordinary Enjoyable Experience™ for our clients.
Being part of an ESOP (Employee Stock Ownership Plan) program is a unique point in our benefits package — a no-cost, supplemental retirement plan, in addition to a 401(K).
Our Culture
As employee owners, we feel a deeper connection to the work we do, our clients, and each other. It helps us maintain a sense of community, and provides a responsibility to our shareholders to uphold our core values.
Holding ownership over the work we perform also translates to a higher set of standards, and an Extraordinary Enjoyable Experience™ for our clients.
Being part of an ESOP (Employee Stock Ownership Plan) program is a unique point in our benefits package — a no-cost, supplemental retirement plan, in addition to a 401(K).
Understanding Ownership
Many companies in the construction industry are owned by a select few employees, or are family-owned. In 2020, we changed our company structure to allow all employees to become owners.
This allowed Woodruff to retain the family legacy, while transferring ownership to employees — retaining the company’s culture without selling to another entity.
Being part of an ESOP program is a unique point in our benefits package — it’s a no-cost, supplemental retirement plan, in addition to a 401(K).
Every year, eligible participants receive a stock contribution related to the year-end share price. It is a well-planned, intentional program created to share the company’s success with ALL employees.
— Woodruff ESOP Program
When employees become owners, they have a stake in what happens to the company. Employee-owners become more actively involved — building better client relationships, bringing innovative ideas, and embracing new training opportunities.
Employee-owned companies see increased longevity of employees, because an ESOP empowers them to perform at their highest potential. When the company performs better, share values increase — and all employee shareholders benefit.
Employee-owned businesses tend to fare better in economic crises. A study from the 2008 U.S. recession showed that ESOPs outperformed their counterparts, continuing to hire new employees rather than being forced to let some go.
