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What's in it for me?
·
The Employee
·
The business
owner
· The business adviser
· The business manager
· The trade unionist
· The regeneration specialist
The employee
When
change in the workplace is proposed, what does it mean for the employees?
Redundancy? A new boss, re-location or new terms and conditions? Perhaps none
of these, or all of them, but whatever is decided it is unusual for you to be
consulted. Employee ownership offers you the chance to take control of your
own destiny, to participate in strategic decision making, profit distribution
and capital growth and make a positive contribution to your own company. The business owner
Most
successful business people have planning at the heart of their success -
business plans, financial plans, marketing plans and pension plans ...., the
list is endless. Research shows that alarmingly few business people plan an
exit route from their business. Employee ownership offers an exit route
without opening up the business to outside scrutiny and, through an Employee
Share Ownership Plan (SIP) mechanism, a way to rollover CGT liability; it
offers a way to secure the business and jobs in the local community,
rewarding longer serving employees, and retain its independence. Perhaps
you have tried to sell your company on the open market already, or placing it
up for sale would alarm your customers.. resulting in a loss of business if
you cannot secure a quick sale? The business adviser
Employee
ownership is another tool for your kit bag; if the business is sold on to the
employees it will remain in the local economy and is more likely to remain
with local service providers such as banks, lawyers and accountants. The business manager
Employee
ownership offers a way to motivate and reward employees by giving them a
financial stake in their place of work; through the Share Investment Plan it
offers a tax efficient way to turn profit into equity whilst gaining the
commitment of the employees. The trade unionist
Employee
ownership can be a way of protecting jobs in a company when the owner wants
to retire or sell the business. By transferring the company to your members,
they can begin to develop their own company and protect their pay and
conditions in to the future. Employee owned
companies are typically more productive
than other businesses. In addition the sharing of profits through the wider
workforce tends to result in more profit retention within the local economy
(in most businesses the majority of the work-force tend to live relatively
near the business, owner/proprietors often live quite some distance away) and
thus benefits the community. |