Shared ownership is a draw for SRC Holdings Corp. employees Doug Mooneyham, Joe Hoffman, Cindy Yurchak and Gary Goetz of the NewStream Enterprises division.
Travis Morrison was so interested in working at SRC Holdings Corp. that he took a part-time job as an intern without benefits just to get in the door.
"I had a full-time job, and they were ready to offer me benefits and everything," says Morrison, human resources manager for SRC Heavy Duty. "I didn't have a future there, and I saw a silver lining here."
Morrison had worked through college and was a recent graduate when he was offered the opportunity at SRC.
"I'd heard about SRC from a co-worker. ... Her husband liked it over here and says it was one of the best places to work," he says. "Everything I heard from her says you do get recognized, you do get incentives."
SRC Holdings encompasses 11 companies, primarily in the Springfield area, that operate independently, says Malinda Stevens, director of human resources.
SRC's core competency is remanufacturing, with Springfield ReManufacturing Corp. perhaps the most recognizable name.
Morrison was attracted to the employee ownership created by founder and CEO Jack Stack, author of "Stake in the Outcome," which discusses creating a culture of ownership, creativity and achievement.
"That's how it was sold to me: We promote from within. You want it, you'll grab it, you'll get it," says Morrison.
Employees are fully vested in the 401(k) plan once they begin contributing, and the company matches up to 5 percent.
All employees are eligible for bonuses, which are paid quarterly, she says. Average salary increases for full-time employees are between 4 percent and 6 percent.
Although women don't represent a majority of SRC's work force, the company offers a benefit many companies do not: Under its salary continuation plan, Stevens says the company offers up to 12 weeks of paid maternity leave.
SRC pays 100 percent tuition for business or technology classes in an employee's field, and new this fall is its Manufacturing Technology degree program, paid for by SRC and offered in partnership with Ozarks Technical Community College.
When SRC surveyed employees to determine barriers people face to getting a degree, three challenges emerged: upfront costs, logistic hassles and being a nontraditional student among young adults just out of high school.
SRC brings OTC instructors to employees so it's much easier for them to attend class. There aren't enough slots to meet demand: 75 employees applied for 25 spots.
"They'll walk out with an actual degree, not just a certificate," Stevens says. "We're very excited to be able to offer that program."[[In-content Ad]]
