Third-Generation Buckeye Fasteners Employee Shares What Employee Ownership Means to Him
Thursday, December 26, 2019
Reflecting on 8 Years of Employee Ownership
During his five years at Buckeye Fasteners, Sam Medlin has held a variety of positions. He started off in the packaging department at our warehouse, worked his way into the shipping department and now is a Resistance Welding Technician and production scheduler. While he is certainly not a new employee, he is a rookie by Buckeye Fasteners standards, with many of his fellow employee owners having 25+ years at Buckeye under their belts.
Prior to working at Buckeye, Medlin worked in a variety of industries including fast food, manufacturing, and automotive. He had no experience working in an employee owned company before being employed at Buckeye, and the transition was a breath of fresh air.
“It was definitely a change of pace when I came to Buckeye Fasteners. In comparison to companies I’ve worked for in the past, it is much more laid back and there is a greater sense of investment in the company, since we are all employee owners,” says Medlin
The Employee Ownership Difference
Buckeye Fasteners is a 100% employee owned company, meaning each employee is a stakeholder in the company. Unlike traditional companies, employee owners elect a board of directors, which vote on behalf of the employees to enact change at Buckeye.
“One of the things I value most about Buckeye is that our suggestions are actually heard and considered. We elect our board of directors from the employees. Since we are an employee owned company, there is a great sense of camaraderie. We feel encouraged to suggest change and our board of directors work to put our ideas into action.”
Buckeye Fasteners is in Medlin’s DNA
Medlin is a third-generation Buckeye Fasteners employee, with his grandfather, great uncle, and father all veterans of the company. Within the last two years, Sam has made tremendous strides in his career and taken on more responsibility.
“From a professional standpoint, it’s a good company to work for. Unlike most companies, people stay at Buckeye long-term. This is a place I can grow and also a place where I can retire.”
Employees Owners are “All in This Together”
When asked what his favorite thing about working at an employee owned company, Sam focused on their “all in this together” mentality.
“What I appreciate most about Buckeye is how supportive the community is. Every day, we have a daily sales report. Everyone wants to know how each person doing, and my co-workers are all supportive of each other. Since we are stakeholders in the company, we have this understanding that we’re working toward one common goal and there isn’t that competitive and cut-throat environment that many companies have.”