Hydraquip is committed to developing talent. Our unique, family-oriented culture promotes a friendly work environment, and we are committed to providing the tools and training needed to help all employees grow professionally and personally. Our rotational internships expose students to a wide variety of departments and provide excellent learning opportunities. We are all owners and work together to achieve high growth goals.
An ESOP is an Employee Stock Ownership Plan, which is a unique retirement program that allows virtually all employees to own stock in the company. When you join Hydraquip or any of its companies, you automatically begin investing in your future. We are a high growth company committed to training our employee-owners to develop their skills and advance in their careers. You’ll get to see this value each year on your ESOP certificate, which is generally distributed in June of each year.
Not all ESOPs are created equally. In other ESOPs, employees may only own 30% or 70% of the company. At Hydraquip, we are very proud to be 100% employee owned.
We believe our culture of employee ownership is the main reason for our success. Besides the monetary benefits of an ESOP, the company culture and workplace environment is improved in many ways. As an employee owner, the employees share directly in the successes of the company which creates a culture of hard work, accountability, and integrity. We also take the opportunity throughout the year to celebrate our employee ownership, including a National Employee Ownership Month recognized in October.
Available based on individual employee qualiﬁcation and manager approval
Company matches 50% of up to 8% of employee contribution