Charles River Analytics is 100% Employee Owned
Charles River Analytics became a 100% employee owned company through the introduction of an employee stock ownership plan (ESOP) in December 2012. This transition set the stage for the next-generation of innovation, service, and growth, enabling employees to take a more active role in the company’s growth and success.
Charles River believes its success relies on the talent and commitment of its employees and their ability to control the destiny of the company over the long haul. By tying long-term individual ownership value to yearly company growth and profitability through successful teamwork, employees can directly share in the company’s overall success. By being employee-owned, the company maintains the freedom and flexibility it’s had for the last thirty years, while capitalizing on the insight and contributions of individuals at all levels of the organization.
Charles River currently employs approximately 150 staff at its headquarters in Cambridge, MA, and a systems integration and test facility in Wakefield, RI. Charles River’s ESOP is maintained by a third party, S.E.S. Advisors, with Bankers Trust serving as trustee.
The National Center for Employee Ownership (NCEO) reports that ESOP companies typically benefit both the company and employee, by growing faster in comparison to non-employee owned companies. Not only do ESOP employees have a voice in shaping the future of the company, they typically earn 5% to 10% more in base pay than employees in comparable positions. Most importantly, they have three times the retirement assets when compared with their peers in non-employee-owned companies.