Working for an employee-owned company such as the John Lewis Partnership is often thought to be a more rewarding and enjoyable experience than slugging one's guts out for a corporation whose main interest is the maximisation of shareholder value.
The proposition that employee-ownership of companies leads to better management decisions and higher levels of employee motivation is one of the key findings of a research paper published earlier this month by the Chartered Management Institute.
The survey of 829 employees across 140 employee-owned firms found that 94 per cent agree that being employee-owned positively affects people's commitment to the organisation, while 86 per cent say it improves a company's ability to attract new staff.
Ninety per cent said it improves a company's overall performance, while 79 per cent said that it encourages longer-term decision making.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
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