“Giving all workers a greater stake in the company they work for is a powerful way of aligning the interests of employees with that of the business. A worker who has a financial and personal stake in a company will take more responsibility for its success. The evidence shows that this is reflected in the economic strength of such companies: lower absenteeism, a happier workforce and […] less staff turnover, higher profitability. These companies also tend to be more resilient in tough economic times.” Nuttall Review, 2012
PEOPLE POWERED GROWTH
The UK is leading the world in the speed of growth of employee ownership, with countries such as Canada, Australia and Denmark amongst others looking to learn from UK policy and practice.
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Oxford Symposium on Employee Ownership Background Material
Background Material
30-30 August 2023
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Oxford Symposium on Employee Ownership delagate directory
DELEGATE DIRECTORY
30-31 AUGUST 2023
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Employee ownership in the UK
Oxford Symposium on Employee Ownership programme
The Ownership Effect Inquiry:
What Does the Evidence Tell Us?
By Prof Joseph Lampel, Dr Aneesh Banerjee, Prof Ajay Bhalla
Introduction
To establish the contribution of employee ownership to the UK economy, and how it can contribute to the Government’s aim of raising productivity and standards of corporate behaviour, The Employee Ownership Association has launched the Ownership Effect Inquiry. Theobjective of this report is to provide for the Ownership Effect Inquiry a summary of the current research on employee ownership. The survey of the published literature will primarily focus on indicators of performance of employee-owned firms, comment on the recent developments in the policy environment relevant for employee ownership, and the main enablers and hurdles for the development of employee ownership.
What is Employee Ownership?
Employee owned businesses are totally or significantly owned by their employees.
The economic contribution of employee ownership in the UK is significant and is growing.
Employee ownership delivers 4% of UK GDP annually. Employee owned businesses achieve
higher productivity and greater levels of innovation and are more resilient to economic
turbulence. They also have more engaged, more fulfilled and less stressed workforces.
from EOA
Proshare survey attitudes to employee share ownership
Proshare
ProShare and YBS Share Plans, Secondsight and WEALTH at work, the
co-sponsors of ‘Attitudes to Employee Share Ownership’, would
like to extend their thanks to the companies who allowed their
employees to participate in this research study.
ProShare would like to acknowledge the input of their research
partners Principled Consulting, and of Psycholate, hosts of the online
questionnaire platform and providers of the initial data analysis
underpinning this report.
ProShare would like to thank Chrissie Davis and the team at
EXIMIA Communications, for their hard work and fantastic design
of the report.