A Better Way to Save Jobs: Employee Stock Ownership Plans
Tina Miller, MA,CFLE stashed this in economy
Do you recall the single word of advice for achieving prosperity that Dustin Hoffman was given in The Graduate? “Plastics.” Well, Chris Mackin has a one-word prescription for public officials looking to reduce economic inequality and increase prosperity: “Assets.” Mackin, who for eight years ran a program for the state of Massachusetts focused on employee ownership, calls assets “a seemingly magical set of resources that work for anyone who owns them.” A powerful way to get assets into the hands of workers is through employee ownership.
Startups have operated this way for years.
It really does give employees extra incentive.