“There is clear and unambiguous evidence to
show that employee ownership, particularly when combined with meaningful
employee participation, brings tangible economic benefits for companies. But
these gains are not just important to individual businesses, they have a direct
impact on the UK’s economic recovery.” Employee Ownership Association Impact Report March 2013
Nothing new there then! We have all known all along that employee ownership is the best way to build employee engagement and transform business results, and thus to improve the national economy. Nevertheless these words from the latest Employee Ownership Association report provide further evidence.
Of course you might say, “Well they would say that, wouldn’t they?” However, the evidence comes from the on-going Field Fisher Waterhouse comparison of the Employee Owned Index (EOI) with the FTSE All-Share Index. Illustrated by the chart below this shows that, although the EOI only grew at 3.4% compared to the All-Share Index’s 3.7% this past quarter - hardly surprising considering the stock market's record trading in the past few months – it has outperformed the latter over the past ten years by an average of 10%.