The economy and society benefit from a sustainable business model for employee owned businesses (EOBs) that deliver increased productivity of 8-12% and improved wellbeing and prosperity.
Plus, it offers a succession opportunity for 51,000 SMEs that risk closure because of ownership changes over the next decade, as well as a people powered growth plan for business owners.
As EOBs embed and evolve Great EO practices, they drive up performance and investment:
- EOBs are 25%+ more likely to have seen profits grow in the past five years
- EOBs deliver an average 20% performance increase and up to 43% revenue increase
- EOBS are 50% more likely to invest in R&D
Employee owners are benefiting from higher wages and profit share, enhanced business knowledge, and wellbeing and from an average of 12% higher investment in training and skills.
- In 2020, employee ownership trust (EOT) payments put an average of £2,729 in the pockets of employees
- 73% of EOBs report increased employee satisfaction post-transition to EO