employee ownership
Học thuậtThân thiện
Definition
Noun: - Ownership of a business by the people who work for it: A system or structure in which the employees of a company collectively own a significant portion, or all, of the company's shares or equity.
Usage
This term is used to describe a specific model of corporate governance and financial participation. It is a formal, economic, and business concept. - The company's transition to employee ownership boosted morale and productivity. - Studies show that employee ownership can lead to greater long-term stability for firms.
Examples
Advanced Usage
- Broad Context: The concept can refer to various legal structures, such as Employee Stock Ownership Plans (ESOPs), worker cooperatives, or direct share purchase plans.
- The employee ownership model they adopted is an ESOP, which provides a tax-advantaged way for workers to build assets.
Variants and Related Words
- Employee-owned (adj): Describing a business that is owned by its employees.
- It is a thriving employee-owned cooperative.
- Employee-owner (n): An individual worker who owns a share of the business where they are employed.
- As an employee-owner, she has a direct stake in the company's performance.
Synonyms
- Worker ownership
- Workplace democracy (This is a broader concept that often includes employee ownership as a key component.)
Notes on Meaning
The term specifically denotes a formal ownership stake held by employees. It is distinct from mere profit-sharing schemes or management practices that involve employees in decision-making without granting them actual equity.
Noun
- ownership of a business by the people who work for it