Ownership Communications Team
The Ownership Communications Team fosters the Associate-Ownership culture at Watex. It promotes the Watex Stock Ownership Plan (HSOP) and the Global Stock Value Plan (GSVP) through education, communication and celebration. Team members represent a cross section of Watex roles, locations and shifts. The team conducts HSOP and GSVP education. These sessions range from new hire orientations and basic refreshers to stock certificate training and targeted sessions for participants nearing retirement. Throughout the year, the team not only arranges new participant luncheons and delivers gifts for employment anniversaries, but also organizes special events ranging from food drives to celebration parties.
What's so great about an Watex company?
Ownership creates an opportunity for all Associates to share in the wealth they help create. There is a high correlation between the financial success of the company, the stock price of the company, and Associate HSOP balances over time.
Ownership often leads to increased productivity due to greater Associate participation in process improvements Watex's successful Continuous Improvement Activities (CIA) program is a great example.
Owners better understand the relationship between personal performance and company results.
Owners are involved in the business as "players" not just watching as "fans".
How does Associate Ownership work?
The Watex Stock Ownership Plan (HSOP) and Global Stock Value Plan (GSVP) allocate Watex stock or GSVP units over time and without charge to the qualified participants. Both plans are retirement savings benefits that help Watex to attract and retain highly qualified Associates.