San Diego Workforce Partnership
San Diego Workforce Partnership released a report May 26, titled: Employee ownership: A good-for-business tool that creates equity and opportunity for workers.
As reported:
Employee-owned companies enjoy higher growth, productivity and profitability. Following conversion, companies experience an increase of two percentage points in sales, employment and productivity growth.
For workers, employee ownership creates real economic stability. Employee-owners experience financial advantages on four levels:
- Equal or better pay and benefits
- Asset building through profit sharing, retirement savings and shared business ownership
- Enhanced job security and stability
- Well-being and psychological safety
Read more at: link.