What is an Employee-Owned Companies?

Employee-Owned companies are companies that shared considerable and broad-based ownership stake with their employees. In essence, employees typical own at least 30% of the business. Because it is a partnership, the level of motivation and sense of ownership among employees are extremely strong.

Takeaways:

There is a very small number of Employee-Owned companies conversely to employee ownership. Even though the structure can be rigid in management with little room for flexibility, it certainly provides some major advantages.

Advantages:

• EOCs are more stable and better managed
• They usually perform better than their peers
• Revenues sharing with employees
• EOCs are better integrated into the community
• Tax benefits

Looking to join an employee-owned company:

Check this list of employees owned companies https://en.wikipedia.org/wiki/List_of_employee-owned_companies