Go Back

We Take Success Personally.

At Weaver, we care about success. But it’s not just the success of our firm or clients that matters to us; it’s the success of our people who make the day-to-day of this business possible. That’s why we’re passionate about bringing together talented individuals and giving them the tools they need to succeed. We lean on each other as members of the Weaver family, understanding that our culture is driven by our collective values, character and efforts. Our goal is to balance both high development with high performance in order to meet the long-term goals of each individual, team and our firm, and every person plays a part.

Weaver

Business Services

Empowering the Trades: The Humphrey & Associates Story

MarketScale
March 5, 2024
employee ownership
ESOP Program
Family Values
Humphrey & Associates
+more

This enlightening episode of Location Cubed, a Weaver: Beyond the Numbers podcast, examines the heart of the trades with Randy Humphrey, the executive vice president of Humphrey & Associates. Weaver hosts Howard Altshuler and Aaron Grisz discover how this family-oriented business thrives on employee ownership and a commitment to nurturing the next generation of skilled tradespeople.

Key Points:

  • Humphrey & Associates’ unique business model offers its team members a stake in the company with employee ownership through its ESOP program
  • Utilizing a proactive approach to recruit and train young tradespeople, Humphrey & Associates encourages the development of its people while addressing the industry’s workforce shortage
  • Humphrey & Associates’ commitment to family values and community involvement sets a benchmark for corporate culture

 

 

Humphrey & Associates stands out in the electrical and mechanical contracting industry for its services and remarkable company culture and structure. With 50% employee ownership through an ESOP program, the company has cultivated a family-like atmosphere that values each member’s contribution. This unique approach has resulted in an impressive average employee tenure of over eight years, highlighting the success of their model in creating a loyal and dedicated workforce.

“I think our biggest problem and biggest deterrent to growth and providing electrical and mechanical systems is not the material. It’s not the shortage of those things. It’s the shortage of individuals wanting to learn a trade,” Humphrey said. Later in the conversation, he speaks to the workforce shortage and what may incentivize people to consider the trades, saying, “The simple law of supply and demand is going to drive everything. The shortage of trades and the simple fact everything we have is powered by electricity. Everybody wants an electric car. Everybody wants to turn their computer on, charge your phone, do all these things. If they don’t have electricity or water in the building or a good plumbing system, it’s going to be an unhappy world.”

Subscribe and listen to future episodes of Weaver: Beyond the Numbers: Location Cubed on Apple Podcasts or Spotify.

©2024

Recent Episodes

faith
View episode

Crafted Journey How To: Aligning Faith, Leadership and Career Purpose Without Losing Sight of What Matters Most

Professionals are increasingly questioning whether career success alone can deliver meaning, identity and long-term fulfillment. Coaching has moved beyond productivity hacks into deeper questions of purpose, faith and human flourishing, especially for leaders who want their work to create impact without becoming their entire identity. Research has consistently found a strong business case for…

career
View episode

What to Do When Your Career Feels Stuck: Invest in Yourself, Stay Intentional, and Build the Right Network

Work doesn’t feel the way it used to. Between new tech, changing expectations, and the constant pressure to keep up, a lot of people—even those who look successful on paper—are quietly wondering what’s next. In fact, recent workforce studies suggest a large share of employees feel disengaged or uncertain about their next move, despite…

promoted
View episode

How to Succeed After Getting Promoted: Seeking Feedback, Acting with Intention, and Leading with Perspective

Stepping into a leadership role today isn’t just a step up—it’s a shift into constant visibility, where expectations arrive immediately and the margin for error narrows. As organizations flatten structures and demand faster decisions, newly promoted leaders are expected to deliver impact from the outset, often without the space to fully adjust. According to…

Launch Your Branded Show Today

Engage your audience with original, industry-specific content.

Book a Demo Talk to an Expert