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Displaying 1-20 of 20 results
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Trusted strategy
- Article
- 01 Sep 2024
- John Kirwan
Discusses the rise in popularity of using Employee Ownership Trusts (EOT) as a strategy for selling controlling stakes in motor retail businesses in the UK. This year has seen their use at businesses including Glyn Hopkin, Anderson Clark Motor Repairs and Helensburgh Toyota. Covers the advantages of EOTs together with practical considerations.
Exclusive
Employee ownership trusts: An emerging strategy for HR leaders
- Article
- 29 Jul 2024
- Derek Razo
Employee ownership has emerged as an effective strategy for attracting, engaging and retaining top talent. The author discusses the use of employee ownership trusts in the US and how they can provide opportunities to increase employee satisfaction, foster collaborative cultures and drive consistent business growth.
Exclusive
More seats at the table: A legacy-minded Charlotte contracting family opts for broader employee ownership
- Article
- 01 Jul 2024
- David Mildenberg
Blythe Development, a construction company based in Charlotte, North Carolina, has opted for employee ownership by selling the business to an Employee Stock Ownership Plan (ESOP). ESOPs have been around for a number of years in the US but still remain rare. The company's decision is discussed, including the family's wish to maintain control of the business and to gain an advantage in the retention and recruitment of employees.
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Inside an employee ownership success story
- Article
- 01 Mar 2024
- Spencer Merrell
How employee ownership is creating millionaires at Central States Manufacturing in Utah. The company operates under an employee stock ownership (ESOP) model, meaning that every employee is paid in both salary and shared stock options. This model creates a culture of shared ownership and financial incentives, with the company currently having 42 millionaires among its employees. Central States also has a program called SHINE, where employees contribute to a non-profit fund that helps cover hardships for fellow employees.
Exclusive
Unconventional exits: An increasing number of owners are selling their companies to ESOPs
- Article
- 01 Jan 2024
- Cheryl Meyer
Why an increasing number of US business owners are choosing to sell their companies to Employee Stock Ownership Plans (ESOPs) as an exit strategy. The article discusses the benefits of ESOPs but also the potential risks, particularly in terms of financing and the credit-worthiness of the company.
Exclusive
Moulding the future via employee ownership
- Article
- 01 Aug 2023
- John Dormer
Employee ownership can help businesses retain skilled individuals and recruit new talent, whilst boosting productivity and profitability, says John Dormer. By using Employee Share Ownership Plans (ESOPs), employees can acquire equity in a business tax-efficiently. And if a business is being sold, owners may wish to sell it to their employees using an Employee Ownership Trust (EOT). The benefits and tax advantages of some of the most popular forms of ESOPs are explained.
Exclusive
The Lewis model
- Article
- 01 Jan 2023
- Adam Bernstein
The number of employee owned (EO) businesses is on the rise, with employees owning significant and meaningful stakes. There are some famous names that back the concept – including John Lewis and Richer Sounds. The article explains the two types of EO available to businesses in the UK, and their tax benefits.
Exclusive
Employee ownership could be the future of capitalism – but it doesn't work unless workers earn it
- Article
- 01 Oct 2022
- Bill Fotsch, Christos Makridis
Simply handing out shares to employees isn't the key to successful employee ownership, the authors argue. Without true participation, or taking on of responsibility, there's unlikely to be an increase in performance. Using survey data over a period of five years, they have found that partnership and participation substantially and consistently improve business performance. Five practices of an 'economically engaged' company are described.
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Creating good jobs in the knowledge economy
- Article
- 01 Jan 2018
- Dennis Campbell, John Case, Bill Fotsch
Companies in the knowledge economy are struggling to provide meaningful, secure jobs for blue-collar workers, say the authors. Going forward, employers should offer workers a stake in the company (for example, through employee ownership), reward their contributions and provide opportunities to pick up transferable skills.
Two of the authors (John Case and Bill Fotsch) are supporters of the open-book management business philosophy, which uses many of these principles. Other complementary business approaches are also mentioned.
Exclusive
Making the move to employee ownership
- Article
- 04 Sep 2015
A planning consultancy's transfer to majority staff ownership has been carried out, with the aim to retain its independent ethos. Jonathan Tilley reports on its successful transition to an employee ownership trust (EOT).
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Who owns the business?
- Article
- 01 Sep 2015
- Jeremy Hazlehurst, Jack Torrance
From PLCs and private equity to crowdfunding and co-operatives, there are now so many ways to run a company it's hard to know which way to turn. Which type of ownership is best, and for whom? Jeremy Hazlehurst and Jack Torrance navigate the ownership maze, assessing the pros and cons of 10 different business structures.
Exclusive
Why Starbucks pays its baristas with stock: a beginners' guide to company stock
- Article
- 18 Mar 2015
- Samantha Sharf
Starbucks' is unusually generous in the range of employees it grants stock, from part-time baristas up to directors. There is evidence that an employee stock ownership program can improve worker retention, leading to lower turnover costs and arguably improving customer experience. Samantha Sharf explains common types of equity U.S. public company employees can receive.
Exclusive
How to boost share plan take-up
- Article
- 02 Mar 2015
- Georgina Fuller
Article on the business case for offering employee ownership share plans, including how employers can boost take-up of the plans among their workforce. Asda is used as a case study; the supermarket made its sharesave scheme an integral part of its employee reward strategy to boost take-up.
Exclusive
All change for UK tax of expat employee share awards
- Article
- 18 Feb 2015
- Robert Crawford
Nicholas Stretch, partner at law firm CMS Cameron McKenna, explains the changes coming in from 6 April 2015 to UK taxation and national insurance contributions treatment of share option gains held by internationally mobile employees.
Exclusive
Skin in the game
- Article
- 01 Feb 2015
- Michelle Goodman
A profile of the U.S. based New Belgium Brewing Company, which has an employee stock ownership plan (ESOP). The company has found the plan helps retain employees and improves productivity. Four steps are given for businesses considering employee ownership - plan your exit, open the books, hire with future partners in mind and cultivate a culture of democracy.
Exclusive
People power
- Article
- 01 Feb 2015
- Richard Dunnett
An interview with Sir Charlie Mayfield, chairman of the John Lewis Partnership. The store is the UK's largest employee-owned business and finds its ownership model aids long-term planning, offers a competitive advantage over rivals and has customer service benefits.
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But are they happy?
- Article
- 01 Mar 2014
- Peter Crush
You don't have to be John Lewis to give staff equity - but it isn't a short cut to engagement. Deb Oxley of the Employee Ownership Association (EOA) explains why the EOA doesn't view share incentive schemes alone as constituting true employee ownership. Hybrid solutions that combine some of the benefits of both ownership and share plans are described.
Exclusive
Employee share schemes see great activity
- Article
- 29 Jul 2013
- Ian Silvera
The government is seeking to encourage employee ownership and has published industry-led guidance to help organisations move towards employee ownership. The author uses Sports Direct's recent share payout to staff, which is worth 75% of their base salary, as an example of a growing trend for employee share ownership.
Exclusive
Rise of the John Lewis economy
- Article
- 01 Oct 2012
- Tom Bruce-Gardyne
Employee-owned firms in Britain have a combined turnover of £25bn – it's a fast-growing business model backed by government. But what are the risks and rewards? From a giant engineering group to a small recording studio, Director looks at companies that have embraced the trend.
Exclusive
A stake in the outcome
- Article
- 01 Jul 2001
- Jack Stack
Jack Stack tells the story of saving the Missouri engine remanufacturing plant he was previously a manager at. After a journey of 18 years, the business is now a employee owned company, with 83% of the 800 employees owning shares. He explains the change in company culture he and his fellow managers were trying to achieve through employee ownership and their 'Great Game of Business' management system.
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