IF YOUR CAREER IS AT A CROSSROADS, OWNERSHIP AT CHANDOS WILL STEER YOU IN THE RIGHT DIRECTION AND TO THE CORRECT DESTINATION.
Since our inception in 1980, we have stood out from the pack with our 100 percent employee ownership model. At Chandos, employees share in the profits they help generate, creating a positive work environment and further strengthening the company’s unique ‘see things differently’ culture. From the beginning, our ownership model was designed as a closed-circuit system with a single class of shares across the company. In our system, it’s only employees who own shares and they’re required to sell them when they leave.
THERE ARE A LOT OF EMPLOYEE OWNERSHIP MODELS OUT THERE THAT SIMPLY AMOUNT TO TOKEN EQUITY FOR EMPLOYEES. WHILE THE OTHER GUYS WORRY ABOUT NOT GIVING UP THEIR SLICE OF THE PIE, WE WORK ON MAKING THE PIE BIGGER SO THAT EVERYONE CAN HAVE A PIECE.
The only requirement for ownership eligibility at Chandos is one year of service. In many cases, financing is an option to help with the cost. Additional ownership over time is defined for all and is based on merit not years served or whom you know.
Financial benefits of ownership are realized through annual profit distributions and the value of unit holdings tied to company earnings and book value. The firm is managed in a way to strike a responsible balance between near and long term objectives. Disciplined growth with the top and bottom lines connected is critical to our ownership model. To us, this is not just a financial model; we see it also as a community building function that translates to what we see as an obligation to provide opportunity for our people.