Five Benefits of an Employee-Owned Company
Have you ever had a job where you felt like you were just another number? Where good ideas got caught in a web of red tape? As an employee-owned company, we have removed the traditional workplace barriers so our employees are happier and more productive.
Steve Jobs is famously quoted saying, “It doesn’t make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.”
And that’s a quote we can get behind!
A national report by The Rutgers Institute for the Study of Employee Ownership and Profit Sharing revealed that nearly three-quarters of respondents said they would rather work for an employee-owned company than for a company owned by shareholders or the government.
Are you wondering why it is so popular? Here are several benefits of working with an employee-owned company, according to the American Management Association:
- Employees can benefit from the company stock’s increase in value.
- Employees can think and act like owners. You aren’t just another number – your voice can be heard, and your ideas can be implemented.
- Having a stake in the success of the company helps create a higher performance at every level of the business.
- The retirement benefits to the employee are often much more generous than traditional companies.
- A happier workforce means less turnover, which is great for a business’s bottom line.
Micromanaging our employees’ every move is not something we believe in. Not only is it an inefficient way of doing business, but it can also have far-reaching negative impacts on our employees. We know when an employee is not feeling motivated, valued, or (the BIG one) trusted, the quality of their work usually suffers.
At Harbinger, that’s not the way we operate, and it’s not by accident.
A ton of effort goes into making sure we find quality candidates to fulfill our clients’ IT support needs. We search far and wide for top talent who we can trust. In giving our employees ownership in the company, we are allowing them to thrive, share their talents, and make a difference.
The trust we have in our employees doesn’t stop there. (See last month’s article on our unlimited MTO policy!)
So, are you ready to own a stake in your own company? We invite you to see what makes Harbinger Partners “delightfully different.” We’d love to hear from you!
