In the November 2017 issue of Construction Executive, prominent construction executives, including RUSH Construction’s President & CEO William Chivers, answer the question, “What does it mean for your company to be employee-owned?”
RUSH Construction, Inc.
RUSH Construction, Inc. became an employee-owned company in the fall of 2000. The program started with eight original members and has grown to 14 shareholders. One unique aspect of the program is that it includes not just upper management, but also is open to all salaried personnel, including project managers, estimators, field superintendents, and safety accounting and support staff.
Without a committed team of people, RUSH is just four letters on the side of our building. Our staff successfully delivers the projects to our clients, and I believe that our employee ownership program has been huge in attracting and maintaining the best people. The ownership structure of most contractors is based on a single individual or family. Our program provides our shareholders with a sense of ownership and involvement that you can’t find in those tightly held firms, and it allows them to feel like they are working for more than just a paycheck.
There are some unique aspects involved in being employee-owned, but we are committed to it and have never regretted our decision.