Employee Ownership, Motivation and Productivity

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Employee ownership, motivation and productivity A research report for Employees Direct from Birkbeck and The Work Foundation By Jonathan Michie, Christine Oughton and Yvonne Bennion November 2002 Page 2 E M P LOY E E S D I R E C T R E P O R T N O V E M B E R 2 0 0 2 Contents About the authors/Acknowledgements Foreword, by Will Hutton Executive Summary 1. Introduction 2. Site visits and interviews 3. Follow-up surveys 4. Focus groups 5. Discussion and Conclusion References 3 4 5 6 10 18 21 30 33 Layout: Wyvern 21 Printing: JW Arrowsmith The Work Foundation. Registered as a charity no: 290003 This issue first printed November 2002 ISBN 1-84373-003-0 All rights reserved. No part of this publication may be…show more content…
He is a Board member of Mutuo. Dr Christine Oughton is Reader in Management and Head of the Department of Management at Birkbeck, University of London. She has recently completed a two-year research project on the impact of globalisation and technological innovation on growth and employment, funded by the European Commission, and also coordinates a regional innovation network funded by the DTI and The Work Foundation. Yvonne Bennion is a Policy Specialist at The Work Foundation (formerly The Industrial Society). She has been a board member of Job Ownership Research and is a member of the DTI Partnership Fund Assessment Panel. 1. Mutuo is a new publishing title belonging to Communicate Mutuality. It is a partnership between organisations that wish to show the value and potential of the mutual sector to a modern society. You can find out more about Mutuo by visiting www.mutuo.co.uk 2. See Michie and Oughton (2001). Page 4 E M P LOY E E S D I R E C T R E P O R T N O V E M B E R 2 0 0 2 Foreword Employee-owned companies exist for a variety of reasons, from the personal vision of an owner to management and employee buy-outs, a way out of family succession problems or employees responding to closure threats. The evidence is that companies with high levels of employee ownership outperform others, and the government has demonstrated through
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