You have to hand it to the government for trying. On the face of it trying to improve productivity by enhancing employee engagement through employee ownership is a good idea; even an exceptionally good idea. (Certainly it is the fulcrum of my own endeavours!) Yet points for trying is about all this "camel-as-a-horse-designed-by-a-committee" effort scores.
Such is the empty promise behind Chancellor George Osborne’s scheme that – in an earlier era – it would likely have the acerbic satirists of the day penning rhymes along the lines of “Georgie-Porgy kissed the girls and made them cry!” Perhaps it is all you could expect from a chancellor who has little or no commercial work experience and whose career prior to office was spent mainly as a political party policy advisor. Nevertheless, one would have hoped he was surrounded by more experienced and astute advisors and thus expected more.
Let’s try to envisage how the scheme came into being.