Mitchell Martin Becomes Employee Owned, Reinforcing Its People First Legacy for 40th Anniversary

NEW YORK - Oct. 16, 2023 - PRLog -- Celebrating its 40th anniversary in 2024, Mitchell Martin is pleased to announce the launch of an Employee Stock Ownership Plan (ESOP).  The introduction of the ESOP both emphasizes a  commitment to its employees and ensures a people-first culture to shape its legacy for decades to come.

Mitchell Martin stands out in the staffing and recruiting field with its forward-thinking ESOP approach. Though uncommon in this industry, ESOPs are becoming popular among professional service firms.

Key Highlights:

1. Choosing Independence: Mitchell Martin has chosen an ESOP over alternatives like private equity or strategic buyers, ensuring the company's continued independence and dedication to a long-term vision.
2. Valuing Employees: Mitchell Martin recognizes that its employees are its most valuable asset. With the ESOP, the company lets its team share in the success they help create.
3. Building an Ownership Culture: The ESOP launch at Mitchell Martin kickstarts an ownership mindset. This change aims to attract driven talent, enhancing outcomes for clients and the workforce.

CEO Gene Holtzman expressed, " We believe every employee should share in our journey. The ESOP aligns perfectly with our commitment to independence, entrepreneurship, a long-term vision, and a vibrant ownership culture."

What is an Employee Stock Ownership Plan (ESOP)? An ESOP is a qualified retirement plan established as a trust, where current and future employees receive beneficial ownership in the company over time. It empowers employees to become vested owners, ensuring their financial well-being and fostering a sense of shared responsibility.

Joshua Holtzman, Mitchell Martin's Chief Strategy Officer, said "This ESOP initiative is not just a matter of financial ownership; it's a commitment to fostering a culture of shared purpose, collective responsibility, and a sense of ownership among our employees. Mitchell Martin believes that this strategic move will not only enrich the lives of our dedicated workforce but also elevate our capacity to attract the industry's finest talent and consistently deliver exceptional results for our valued clients and candidates."

As the ESOP journey unfolds, Mitchell Martin remains dedicated to connecting top talent with leading organizations while championing a culture of shared success.

About Mitchell Martin Inc.

Mitchell Martin, Inc. (MMI) is a family of companies supporting the growth of both people and businesses through innovative talent acquisition services.  Since 1984, the company has helped thousands of clients find the best candidates in information technology and healthcare throughout the United States. The company has over 2000 resources deployed with annual revenues of $300 million with a diversified client base that includes finance, insurance, life sciences, technology, travel, media and healthcare. Learn more about Mitchell Martin Inc. at https://www.mitchellmartin.com