“While rare in the consulting industry, giving employees an ownership stake aligns with our core philosophy and enables us to further empower our team to invest in client work and share in the company’s growth and success,” said Steve Martin, partner.
Vienna, VA (PRWEB) July 16, 2014
Further promoting its collaborative philosophy and collective investment in its premier team of consultants, Pace Harmon, a leading optimization and outsourcing advisory firm serving Fortune 500 and middle market organizations, today announced that it has implemented an employee stock ownership plan (ESOP) as it becomes a 100 percent employee-owned company.
“From analysts to partners, Pace Harmon has actively cultivated a collegial, teamwork-focused environment since the firm’s inception 11 years ago,” said Steve Martin, partner and co-founder. “While rare in the consulting industry, giving employees an ownership stake aligns with this core philosophy and enables us to further empower our team to invest in their client work and share in the company’s growth and success.”
The new ESOP structure is a significant shift from traditional consulting partnership models where employees must typically attain partner status to participate in ownership and its associated financial benefits.
Pace Harmon expects that its already high retention levels will continue to increase with the new ESOP, thus enabling it to continue to deliver its projects with both continuity as well as deeply experienced consultants.
Pace Harmon’s clients include Fortune 500 and select high growth middle-market companies spanning industries such as Healthcare & Pharma, Financial Services, Manufacturing, Technology, Telecommunications, and Energy. For more information, please visit paceharmon.com.
About Pace Harmon
Pace Harmon is an optimization and outsourcing advisory services firm providing guidance on complex transactions, process and operational optimization, and provider governance. Founded in 2003 and headquartered in Tysons Corner, Va. with offices in Chicago and San Francisco, Pace Harmon provides pragmatic and insightful advice that helps its client base of Fortune 500 and other large enterprises maximize the benefits achieved from their mission-critical supplier relationships. For more information, please visit http://www.paceharmon.com.
# # #