Today marks the first national Employee Ownership Day, launched by the Department for Business, Innovation and Skills (BIS). Sharing a date with US Independence Day, Employee Ownership Day aims to raise awareness of employee ownership as an economically strong and balanced business model.
We see two significant benefits in Employee Share Ownership:
- Incentivisation of Employees
- Creating a potential market place for the sale of a company.
John Swinney MSP, Cabinet Secretary for Finance, Employment and Sustainable Growth, said: "I warmly welcome the first national Employee Ownership Day to Scotland because employee ownership can stimulate entrepreneurial culture, innovation and growth.
Scotland has already made great strides in embracing this innovative business model. Evidence tells us that this often creates a more sustainable business in difficult times and is one that creates jobs faster. Productivity and performance are boosted by employee ownership."
Many family owned private companies, entrepreneurs and institutional investors are adopting employee ownership practices, by putting in place employee share and incentive schemes. We have advised many firms across the UK in this area, allowing them to make employee shared ownership a reality.