Employee Ownership day 2014 a big hit with Network ROI staff
In 2013 Network ROI started the process of becoming an Employee Owned company. Today, Friday 4th July, is the UK’s Annual Employee Ownership Day and as part of our commitment to Employee Ownership (EO) we would like to share some interesting facts about EO and employee-owned companies.
Employee Ownership Day (EO Day) was created by the Employee Ownership Association (EOA) in 2013 to celebrate and raise awareness of employee ownership in the UK.
The day is to highlight the success of businesses owned by and for their staff, recognising the productivity, profitability and workforce benefits which employee ownership brings to UK business.
Some facts about employee-owned companies:
- UK employee-owned companies contribute around 4 per cent of GDP
- Employee ownership in the private sector is worth around £30 billion annually to the UK economy
- Over the past 12 months, there has been a 10% increase in the number of companies converting to employee ownership
- Employee ownership exists in every sector and geography of the UK economy
- Employee-owners have higher levels of job satisfaction, feel a greater sense of achievement, fulfillment and job security and are more likely to recommend their workplace than employees in non-employee owned businesses
- Employee owned businesses are more resilient during economic downturns and recover faster
Sean Elliot, Managing Director of Network ROI said “over the past 11 years since Network ROI was founded my plan was to create a solid company with a strong reputation for service delivery and value. As part of my own exit strategy in years to come, I want to be able to secure the future of Network ROI for our employees who have been and continue to be committed to the business.”
Sean Elliot interviewed on BBC Radio Scotland – Friday 4th July 2014
As part of Employee Ownership Day, Sean Elliot, Managing Director of Network ROI was interviewed by Jamie McIvor on BBC Radio Scotland’s – Good Morning Scotland programme.