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Deb Oxley, CEO of the Employee Ownership Association, says: “When people have a stake in the place they work, the commitment to it and investment in it is much higher.”
More generally, the benefits of employee ownership have been proven in EOA-led research, and include improving employee health and wellbeing, increasing productivity and fostering creativity and innovation across an array of industry sectors. In addition:
- UK employee owned companies contribute over £30 billion to the UK economy annually
- Employee-owners have higher levels of job satisfaction, feel a greater sense of achievement and job security, and are more likely to recommend their workplace than employees in non-employee owned businesses
- Employee owned businesses operate in a range of sectors including healthcare, social care, education, transport, manufacturing, retail and professional services
Oxley says: “Companies such as Make Architects are great examples of the economic and social benefits that can be achieved in an employee owned environment. The EOA is proud to lead the sector-wide celebrations of employee ownership on EO Day 2016, as part of our activity to raise awareness and move employee ownership further into the mainstream of business structures.”
The Employee Ownership Association is a not-for-profit and politically independent organisation that represents businesses which are employee owned or transitioning to employee ownership across the UK.
Supporting a diverse network of more than three hundred companies, the EOA works in close partnership with its members to champion, promote and provide insight into the business case for employee ownership, and advocate the place of employee ownership within the UK economy.