For over 20 years, the Employee Stock Ownership Plan (ESOP) Association and its member companies across the nation have celebrated Employee Ownership Month every October. This is Babcock Labs’ third year as a 100 percent employee-owned company, and therefore our third year taking part in the October ESOP Month celebrations!

The purpose of ESOP Month is to engage and educate employees in their company ownership. As an ESOP, employees have stock in the company which in turn gives our staff greater incentive to provide our clients with exceptional analytical testing services. Essentially, by investing in the quality of the work we provide, each of us here at Babcock Labs is investing in our future and the futures of our fellow coworkers. It’s a win for our clients and it’s a win for our team. Additionally, it’s a win for our community because employee ownership and our ability to stay independent from multi-national network labs keeps revenue local, as our business and employees invest their earnings back into the local economy.

To celebrate this win-win-win situation, our employees participated in a month of ESOP fun! Our employee owners kicked off the start of October with a company breakfast where staff had the opportunity to share a meal together and hear about the month’s festivities. The festivities have included puzzles and games. At the end of each week we have also had “Prideday Friday,” where staff members have worn paraphernalia demonstrating their pride in their alma maters, favorite sports teams, organizations they support in the local community, and in being an employee owner! To close out the month, today, October 31st, we are holding a lunch potluck with Halloween-themed treats and prizes. To say it’s been a fun and educational month is an understatement!

With 111 years of service to the testing industry under our belt, Babcock Labs is proud to celebrate its third year as a 100 percent employee-owned company. Our transition to an ESOP has allowed us to double down on our commitment to our clients and we look forward to meeting all of your analytical testing needs in the century to come.