EO WD
Jump to navigation
Jump to search
Employee ownership, workplace democracy [1]
Research by Project Equity shows there are 2.9 million businesses with owners aged 55+ in the US. The same study shows there are 32.1 million employees whose owners are over this age. This means retirement is not too far off in the minds of 32 million Americans. According to the US Bureau of Labor Statistics this is close to one-fifth of the nation's entire labor force.
Employee ownership models, such as Employee Stock Ownership Plans (ESOPs), worker cooperatives, and EOTs fundamentally change the dynamics within an organization. By extending ownership to employees, they also instill a shared sense of responsibility for the organization’s well-being.