Employee Share Schemes and the Election: What do the three main parties have in common?
The answer is strong support for employee ownership. A statement released by Employee Ownership Association (EOA) welcomes this and looks forward to ensuring these pledges mean results.
EOA has research to show employee owned businesses are more resilient and have a lower risk of failure. Other benefits include retention, loyalty and continuing growth for the company, therefore it is no surprise that there is cross-party support for employee ownership.
Labour has pledged to asses and review the current obstacles in forming more employee-owned companies and cites The John Lewis Partnership as a good model. In essence they want more employees to have a stake in the Company they work for.
The Conservatives wish to see more employee co-operatives to encourage bids to take over the services they work run in order to help improve the running of services.
The Liberal Democrats also support employee ownership and would by way of example sell 49% of Royal Mail to investors with 51% of the Company being split between employee trusts and the government.
At RM2 we think it vital that key employees have a stake in the Company they work for. We would encourage Companies who are thinking of employee ownership to speak to a member of our team today.