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Adapting a powerful business strategy to attract and retain the next generation of talent

by Emily Meyertholen Sharing company ownership with employees — whether it’s intended to motivate, to retain or simply to share the wealth — can significantly impact a company’s success. Studies have shown that employee-owned companies boast faster growth, are more resilient in economic downturns and enjoy a competitive advantage over conventional rivals. Why? According to the Harvard Business School Press book “Equity: Why Employee Ownership is Good for Business,” it is because effective employee ownership programs radically change the basis for collaboration between employees and managers and foster commitment to a whole new level of success for the business. Nearly…