When Beau’s All Natural Brewing Company’s co-founders decided to sell, there was only one way Steve Beauchesne, punk-rocker-turned-entrepreneur, felt he could do it: by selling his company to the employees through an employee-stock ownership plan and breaking the owner-versus-worker class system by turning the company’s workers into co-owners. … Read More
The phrase “employee engagement” gets thrown around a lot these days. But what does it really mean to engage all the workers at any company, from the line workers to the CEO?
Some companies address engagement by shifting to more inclusive hiring practices. Greyston Bakery’s Open Hiring policy, Cooperative Home Care Associates’ exemplary training practices and Cascade Engineering Companies’ Welfare-to-Career program are three examples of successful businesses built on innovative hiring and training models.
Other organizations invest in fair wages and equitable employee treatment despite low industry standards in employee engagement. The fashion industry is a good example — garment factory workers have been found by investigative journalists and multiple studies to be chronically mistreated and abused. A set of ethical clothing companies have started to turn the tide for the industry, and have set exemplary standards of how to engage employees. As a result, they have changed the lives of their workers for the better and found like-minded vendors and customers who seek to buy from values-aligned brands. Such a supply chain effect is one of the reasons the corporate social responsibility is important; learn the many other reasons CSR is valuable to successful businesses in our free report.
Employee-ownership is perhaps the ultimate the expression of employee engagement. Employees are given the chance for a full buy-in, with all the rights and responsibilities that come with having a piece of the company pie. Each employee is given a legal, monetary stake in the business’s success, and as a result, many employee-owned businesses report lower employee turnover and higher workforce innovation than traditionally held companies. Several successful business have taken this approach, including Dankso, New Belgium Brewing, King Arthur Flour and Gardener’s Supply.
In the end, employee engagement is really about recognizing the value and harnessing the creativity of each individual worker. Whether it be through an ESOP or an internal hackathon or an interdepartmental innovation team, the benefits of employee engagement are worth any challenges.
Multimillion Dollar Poetry in Motion: Employee Ownership Was Key to This Company’s Succession Planning and Continued Prosperity
Future State’s employee-ownership plan has been integral to the company’s growth, innovation and public recognition. In this interview, we explore the benefits – and challenges – of employee ownership with leaders of this Bay Area ESOP. … Read More
The leadership at Facilities Management Services has carefully crafted a company mission statement centered on compassion and kindness. Employee engagement is at an all-time high. … Read More
Finding joy at work is a common thread among companies that do purpose-driven work. Happy employees bring passion, love and deep commitment to their work, and in turn, derive joy from aligning their personal and professional missions. … Read More
California-based Airbnb and New York City’s worker-owned Cooperative Cleaning have launched a sustainable partnership to focus on the employee wellness of house cleaners. … Read More
We need to overhaul America’s social safety net, which was designed for a different labor market and economy. … Read More
Developing a global mindset allows you to expand your business to consumers it might not normally reach. This Being Global excerpt discusses companies that have utilized two components of globalization, divergence and convergence, to optimize the efficiency of different organizations’ strengths. … Read More
Mission-driven companies can’t assume their employees are engaged simply because they care about people and the planet. West Paw Design utilizes employee competitions to allow its employees to share ideas and harness their creativity. … Read More
Cooperative Home Care Associates has redefined success for its business, employee owners and community. As the largest employee-owned cooperative in North America, CHCA proves the business case for employee engagement. … Read More
Gardener’s Supply Co. has relied on teamwork and employee ownership via its employee stock ownership plan, or ESOP, to become one of the nation’s leading direct marketers of garden gear. … Read More