REDMOND, Wash., Aug. 14, 2012 (GLOBE NEWSWIRE) -- Protingent, Inc., a Washington based technology staffing firm, is pleased to announce the formation of an Employee Stock Ownership Plan (ESOP) for its employees.
After carefully considering a wide range of alternatives, owners Donn Harvey and Tim Bruce came to the conclusion that the ESOP was an ideal strategy for the company and the employees. Under the new plan, both Harvey and Bruce will continue to serve in their management roles for the foreseeable future.
"I feel very fortunate that the last 10 years have been a period of excellent performance company wide," noted Harvey. The ESOP is the ultimate way to reward employees for their contributions to the company's success. From now on, technology businesses and engineering professionals will be working directly with an owner to find the area's top talent and available positions while the competition will simply be working with an employee."
Harvey also indicated that the establishment of an ESOP is an important step towards realizing one of his objectives upon starting the company, specifically broad and meaningful employee ownership wherein employees who contribute to the Company's success are rewarded with an economic interest in the business.
Bruce stated, "The overriding benefit of an ESOP is that it allows employees to participate in the company's growth and success. I am confident that the ESOP will be instrumental in attracting and retaining the best recruiting and sales staff available."
Founded in 2002, Protingent Staffing is a top provider of highly-skilled engineering and IT talent for technology businesses nationwide. Headquartered in Redmond, WA, Protingent operates offices in Portland, San Francisco, Orange County, Austin and Philadelphia.
About Protingent
Protingent is a top provider of highly-skilled engineering and IT talent for technology businesses. Over the past 10 years, more than 300 companies have used Protingent to quickly and cost effectively staff technology projects. Protingent continues to expand its services throughout the United States with offices serving Washington, California, Oregon, Texas and the Northeastern U.S.
The Protingent Staffing logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13981