employee satisfaction

SCS Engineers Becomes 100% ESOP Owned

February 17, 2020

An Employee Stock Ownership Plan, or ESOP, gives employees a stake in the company through stock allocation.

Long Beach, CA –SCS Engineers, a leading national environmental consulting and construction firm, recently achieved a significant milestone when it completed a transaction to become 100% employee-owned through its employee stock ownership plan (ESOP).

SCS Engineers established its ESOP in 1986, and recently purchased a small number of outstanding shares from minority shareholders, achieving 100% ownership through the ESOP trust.

“Our founders could not have imagined that when they launched SCS Engineers in 1970 that we would grow to one of the nation’s most respected environmental engineering consultants with a footprint of more than 70 offices and nearly 1,000 employees across the United States,” said Jim Walsh, PE, BCEE, President and CEO of SCS Engineers.

“Our success and growth is a direct result of our employees thinking and acting like owners to deliver the best service for our customers. We believe employee ownership is a formidable advantage in recruiting and retaining top talent. Employee ownership provides an opportunity for them to share directly in the success they are helping to create.” Walsh said.

“This transaction delivers the flexibility to pursue sustainable growth for SCS Engineers and the opportunity to spread the wealth among our employee-owners,” he said.

An employee stock ownership plan (ESOP) is a qualified retirement benefit plan that gives employees a stake in the company through stock allocation. It provides a method for the company workforce to accumulate capital for retirement at no cost to the employee.

According to the National Center for Employee Ownership, there are approximately 7,000 ESOP companies in the U.S., and 28 million employees participating in employee ownership plans.

About SCS Engineers

Engineering News-Record consistently ranks SCS as a top-tier consulting firm in design, environmental engineering, solid waste, wastewater, hazardous waste, site assessment and environmental compliance to diversified end markets. The firm has sustained a reputation for innovation and client-focused solutions that safeguard the environment for 50 years. For more information, visit www.scsengineers.com or your preferred social media channel.

 

 

 

 

 

Posted by Diane Samuels at 11:59 am

Looking for a career that offers more? SCS Engineers Expands Our Benefits

July 19, 2019

 

You’re not just an employee at SCS; you’re an Employee-Owner which means as you grow professionally, you develop yourself, exponentially. We value our team members, so we offer them more.

Have student debt? Join the SCS team, and we’ll make a monthly payment toward your eligible student loans up to $10,000.

Our Employee Stock Ownership Program – ESOP provides stock ownership and retirement savings over and above our 401k program.

Instead of non-industry investors making a profit, we provide more to our employees for a job well done.

College is an excellent start to your professional career, but there’s so much more to learn. SCS offers professional and people skills development, mentoring from the best in the industry, and an environment of continual growth.

Already an experienced professional? Consider joining a firm that puts your expertise to work, creating the most innovative environmental solutions, and helping municipalities and businesses meet some of the most challenging issues of our time. SCS offers you opportunities to share your knowledge with industry peers, in publications, and with our client community.

 

In addition to medical, dental, vision, Life, AD&D, LTD, STD, Accident & Hospital Indemnity, we personalize the employee experience with service achievement awards, blog and social media shout-outs, industry association networking, and community service opportunities.

Be more, do more, grow more.

Why settle for being employee #10234 when you can experience a deep sense of personal satisfaction where your achievements have a positive impact on our environment. SCS Engineers, one of the most respected environmental companies in North America, has open positions now.

Visit our careers site today!

 

scs engineers hardhat symbol waste management

 

 

 

 

 

 

Posted by Diane Samuels at 3:49 pm