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April 17, 2023 05:00 AM

KI staff contributes to company growth via employee stock ownership program

No. 5 Processor - Best Places to Work 2023

Jordan Vitick
Special Projects Editor
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    As a 100 percent employee stock ownership program company, each employee contributes to the growth of KI Industries Inc. and takes advantage of its retirement benefits. "The effort we put into the company is the effort we get in return from the ESOP valuation," the Berkeley, Ill.-based supplier of decorative appliance and automotive parts said.

    The average KI employee has worked there for more than 13 years. The company's mottos include "If it's not fun, it's not worth doing" and "A team that eats together stays together."

    Employees said KI treats them with respect, operates under a justice and dignity perspective at all times, and creates an opportunity for growth both personally and professionally.

    "The KI goal is to develop long-term working relationships with customers based on trust, transparency and respect while enabling both parties to benefit from the relationship," it said. "We pride ourselves on a relentless drive for growth while maintaining a strong balance sheet ensuring that we will be here for the long run."

    Best Places to Work 2023: Find and read about more of our winners here

    KI Industries Inc.
    Category: Processor
    Rank: 5
    Company: KI Industries
    HQ: Berkeley, Ill.
    Number of employees: 46
    Website: kiindustries.com
    Previous years on the list: 2022, 2021, 2020, 2019, 2018
    Highest-ranking official: President and CEO Michael MacLean
    Employee breakdown: 70% male, 30% female
    Executive team breakdown: 50% male, 50% female
    Number of paid holidays offered per year: 8
    Percent of premium employer pays for individual employee — medical: 50%-74%
    Percent of premium employer pays for individual employee — dental: 50%-74%
    Percent of premium employer pays for individual employee — vision: 50%-74%
    Employee eligible to enroll in the organization’s health care plan: 30 days after hire
    Employee eligible to begin contributing to their retirement plan: First day after hire
    Employees who refer new hires receive bonuses: Yes
    Paid time off for community service activities/volunteer work: No
    Workplace facilities to promote exercise and fitness: Yes
    Fitness and/or wellness programs/practices within the workplace: Yes
    Special services and/or accommodations for active duty military families: No
    Employee performance reviews frequency: Twice per year
    Regularly scheduled meetings with high-ranking official frequency: Quarterly
    Activities to relieve stress and promote fun: Yes
    Formal employee recognition and/or appreciation programs: No
    Formal programs to recruit/retain employees of varying ethnic/cultural backgrounds: No
    Formal programs to recruit/retain employees who may require accommodations for mental/physical limitations: No
    Formal programs to recruit/retain an aging workforce: No
    Formal programs to recruit/retain veterans and retired military: No
    Formal employee career development and/or job advancement programs: Yes

     

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