Employee Owned Business
About Employee Ownership
Employee ownership, sometimes called co-ownership, is a proven, successful business model and there are over 1,300 businesses in the UK that are owned and managed in this way. It works equally well for young, start-up businesses as well as for more established organisations.
So why might you consider employee ownership?
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As the owner/director, you may be considering retiring and undertaking an employee buyout could solve your succession challenge.
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You may want the business to stay independent and secure your legacy.
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You may have a long serving and loyal workforce and this gives them the opportunity to take the business forward by which they can enjoy the fruits of their hard work in future.
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If you are just setting up a business or are early in your growth stage, this is a great way to ensure that fairness is built into your structure and operational practice.
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Such businesses typically demonstrate a number of operational benefits too such as improved productivity and profitability, reduced staff sickness, turnover and absenteeism as well as being more entrepreneurial and innovative.