The idea behind Employee Participation is not equal in every situation. Often Employee Participation is linked to either financial participation (profit sharing or even ownership) or legal participation (a “say” in the decisionmaking process) or both. Our view on Employee Participation is that employees co-own the company they work for and maybe even also have legal rights to it (meeting and/or voting rights). Employees will participate in the company of their “boss”. This is an excellent way to reward employees for their hard work and involvement in the company. Research has shown that the more an employee can participate, starting financial and evolving to legal, the greater the commitment and communal strength of the team. You really create heroes when everyone co-owns the business.
Amsterdam-based social enterprise Share Council, a FinTech startup focused on “closing the capital wealth gap by making every SME employee co-owner”, announced on Tuesday that it is proud to have raised over €1M in funding from The Sharing Group (known from MyWheels & Mijndomein) and a network of strategic angel investors. Share Council is build on the premise of “everyone a co-owner”, hence the last 100k of stock is now publicly coming available, see sharecouncil.co/investRead more
Just 5 Million EU employees own equity in the company they work for. This creates a staggering divide and it leaves Europe behind in the race for global talent.Read more