The Guckenheimer Employee Stock Ownership Plan was originally adopted on July 1, 1987. The company’s founders believed that Guckenheimer’s success was based on the teamwork, positive attitude, diligent effort and devotion of employees at every level. It was their desire that all employees benefit from Guckenheimer’s prosperity and growth, and have the prospect of a more secure future.
Today, we are proud to say that 54% of our company is employee owned. Guckenheimer has the 27th largest ESOP in the United States and every employee participates in our Employee Stock Ownership Program at no cost.
Pride of ownership translates to a high level of responsibility and motivation which gets passed along to clients as excellent service. It has also translated into a company-wide turnover rate of less than 15%. We are proud to say that once an “employee owner” fully vests (six years) in our ESOP, our total turnover rate is below 5%. This is an amazing statistic in the restaurant business that enables us to provide stability to our clients.