National Trench Safety Initiates Employee Equity Participation Program
National Trench Safety announced it is implementing an Employee Equity Participation Program which will award up to $8 million in equity participation units to full-time and permanent employees annually. The EEPP is designed to align the company’s mission to recognize valued employees and to deliver customer service with incentivized employees.
One of NTS’ core values is a commitment to be “the employer of choice.” The equity participation program and NTS’ overall employee reward philosophy is aligned with this commitment.
“Employee ownership interests in specialty rental businesses are always tightly held, usually in the hands of a few executives,” said president and CEO Phil Mason. “Now with this progressive and all-inclusive Employee Equity Participation Program, every NTS employee will benefit from their hard work in building this great company. This is one more great benefit provided to our NTS employee community where we already provide full medical, dental and vision plans, paid time off, 4 percent 401K matching, tuition assistance, tuition repayment assistance, child care benefits, etc. Better still there is no qualifying or probationary period to wait out, the participation awards are provided immediately to all new hires in accordance with the program terms.”
National Trench Safety is based in Houston and has 65 branches in the U.S. and U.K. Visit www.NTSafety.com.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.