Ad
related to: ownership in the workplace
Search results
Results From The WOW.Com Content Network
A 2006 meta-study on workplace democracy found that it can 'equal or exceed the productivity of conventional enterprises when employee involvement is combined with ownership' and 'enrich local social capital.' [27] Another 2006 study reviewing existing evidence found that contrary to the popular idea that worker participation would decrease ...
Social ownership of the means of production is the defining characteristic of a socialist economy, [2] and can take the form of community ownership, [3] state ownership, common ownership, employee ownership, cooperative ownership, and citizen ownership of equity. [4]
Unlike with conventional firms, ownership and decision-making power of a worker cooperative should be vested solely with the worker-owners and ultimate authority rests with the worker-owners as a whole. Worker-owners control the resources of the cooperative and the work process, such as wages or hours of work. [1]
Employee ownership takes different forms and one form may predominate in a particular country. For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). [2] An ESOP is an employee-owner method that provides a company's workforce
Self-management of an organization may coincide with employee ownership of that organization, but self-management can also exist in the context of organizations under public ownership and to a limited extent within private companies in the form of co-determination and worker representation on the board of directors.
Employee ownership is a way of running a business that can work for different sized businesses in diverse sectors. [6] Employee ownership requires employees to own a significant and meaningful stake in their company. [7] The size of the shareholding must be significant.
The UK has a long history of employee ownership in various forms, including the trust model. In 2012, Graeme Nuttall was appointed as the UK Government's independent adviser on employee ownership to "work with Government to identify the barriers to employee ownership and help find the solutions to knock them down". [11]
This form of socialism combines public ownership and management of the means of production with centralized state planning and can refer to a broad range of economic systems from the centralized Soviet-style command economy to participatory planning via workplace democracy. In a centrally-planned economy decisions regarding the quantity of ...