"Who's the Boss?"
In an ESOP, this group of people are the "owners."
Who are the employees?
The "Stake" in GGOB refers to this type of outcome.
What is the "financial stake" (or stake in the outcome) that connects employee compensation directly to the company's financial performance.
This 4-letter GGOB term means knowing the rules.
What is "KNOW"?
"KNOW" refers to the financial literacy and education component, ensuring all stakeholders understand the core business operations and key numbers.
True/False: In an ESOP, I can sell my shares tomorrow.
What is False.
This GGOB practice involves "predicting" the future.
What is "forecasting"?
In a traditional GGOB company, you act like an owner; in an ESOP, you...
....ARE the owner.
This "account" grows as the company value increases.
What is an ESOP Account?
In GGOB, "Follow the ____" is the second rule.
What is "Follow the Action & Keep Score"?
Fact or Myth: Being an ESOP means I can't be fired.
What is a Myth?
This is the primary goal of the ESOP + GGOB combo.
What is Business Literacy or Growth?
The "E" in ESOP stands for this.
What is "employee".
This is what happens to your ESOP shares when you retire.
What is a Distribution?
This GGOB "board" tracks our weekly wins and losses.
What is the Scoreboard?
Fact: ESOPs are a qualified retirement plan, like this.
What is a 401k?
This "Game" helps us fix a specific problem quickly.
What is a "MiniGame"?
This entity "holds" the shares for the employees.
What is the ESOP Trust?
How often the company value is typically appraised.
When is annually (once a year)?
"High-Involvement ____" is a core GGOB pillar.
What is Planning?
Also known as "Driving the Numbers".
True/False: Employees have to buy their ESOP shares.
What is False?
VSC contributes shares for you.
This is the main difference between a Bonus and an ESOP.
Bonus = Cash today; ESOP = Wealth tomorrow.
The legal "Act" that governs how ESOPs work.
What is the "Employee Retirement Income Security Act of 1974 (ERISA)".
This term describes the timeline for "earning" your shares.
What is "vesting"?
The 3rd Rule: "Provide a Stake in the ____."
What is "Outcome"?
Can an ESOP company still have a GGOB bonus pool?
What is YES?
They work perfectly together.
Why GGOB is the "engine" that makes the ESOP "car" move.
GGOB provides the transparency to drive the value.