Employee Ownership
I used to believe that Employee Ownership was a great incentive to work for a company. In fact, that was the deciding factor of my previous job. I had three other offers besides the one I took and what really made the decision for me was that I would be a part owner of the company. I took the job.
I then found out my boss had lied and that I would not have ownership, which is a different story altogether; however, when I found out the details of the ownership I was no longer upset about not getting ownership, I was only upset for ever taking the job.
The deal was you had to pay money to get the ownership. How is that an employee benefit? It is not. I can own a part of any publicly traded company in the world including Microsoft, HP, IBM, etc., if I pay money. That is referred to as buying stocks.
So, employee ownership can be a great benefit but not when you have to pay for it. My previous job had supposed “employee benefits” but at the end of the day none of them were designed to benefit the employee.
posted in Management | 21 Comments