Western Contract Company Revenue and Competitors

In June of 1991, Western Contract established an Employee Stock Ownership Plan (ESOP) as the company's primary retirement plan for associates. A strategy was developed to fund the purchase of company stock by the ESOP from profits generated by the company. The associates at Western Contract reached their goal to be 100 percent employee owned in April of 1999. Western Contract's ESOP is very entrepreneurial. It calls for a combination of associate ownership and associate participation. Each vested associate has a beneficial interest in the stock held by the ESOP, as well as input in the decision making process. They also have the responsibility to make sure that their individual work efforts are exceptional and business decisions are made wisely. The transition from a solely owned corporation to an employee-owned company has evolved since the inception of the ESOP. The transformation was encouraged by forming Total Quality Management (TQM) committees. Volunteers from each department came together to learn the concepts of teamwork, organizational behavior and process improvement necessary to create and then commit to an entirely new corporate culture. This corporate culture is reflected in the firm's vision statement and philosophy for organizational success called "The Canoe Theory". WCF associates have a shared vision which is a commitment to: Excellent Customer Care Continual Personal Development Profitable Growth What's New | About WCF | Business Interiors | Home Interiors | OFUSA Company Profile | History | Contact Us/Location | ESOP | Employment