Founded in 2012, Golden Steps is a Brooklyn-based worker cooperative of immigrant women of color, all of whom have roots in Central and South America. Providing services to those who do not qualify for Medicare or need more than what Medicare will pay for, Golden Steps operates in a part of the market where home … Read More
Cooperative Home Care Associates (CHCA) holds a significant place within the U.S. worker cooperative and long-term care landscape. For decades, it has been the largest worker cooperative in the country by some distance. CHCA workers are also members of the largest union in the country, 1199Service Employees International Union-United Healthcare Workers East (1199SEIU). Through its … Read More
Contingent workers make up a large part of today’s healthcare workforce, and the healthcare industry is America’s most contingent worker-dependent industry. While contingent healthcare workers overall earn low pay with few benefits, contingent work burdens fall most heavily on women of color, due to deep race and gender-based inequalities that have long plagued the healthcare … Read More
Wages don’t cover the bills. Wealth inequality is growing. Social trust is eroding. There are endless debates about what to do, but one key factor is inexplicably left out: who owns the companies that drive the economy? Ownership matters. Ownership by a few means benefits for a few. But if you spread ownership around, you … Read More
Under what conditions do cooperatively owned enterprises scale to stand alongside investor-owned firms? This article measures and attempts to explain large cooperatives’ variable prevalence across high-income capitalist democracies. Controlling for other known social, economic and geographic factors, statistical models confirm that state-mediated institutional arrangements, as operationalized through two comparative capitalism frameworks (Varieties of Capitalism and … Read More
The NCEO conducted a first-of-its-kind study to examine whether and how employee ownership affected firms and workers in the U.S. food system during the COVID-19 pandemic. Drawing on an industry-focused survey of food businesses with employee stock ownership plans (ESOPs) and a comparison group of non-ESOP food businesses, along with retirement plan filing data and … Read More
The field of broad-based employee ownership within corporations is a specific application of the foundational topic of property ownership. It is situated at the intersection of a broad range of scholarly disciplines including economics, law, finance and management. Each discipline contributes vocabulary and distinctions describing this field. That broad spectrum of disciplinary inquiry is a … Read More
Purpose This study investigates whether broad-based employee ownership (BBEO), in isolation and in conjunction with cash profit sharing (CPS), can enhance labor productivity in family firms over nonfamily firms. Design/methodology/approach Hypothesis testing was conducted using cross-sectional time-series regression with a matched sample of 393 family and nonfamily firms listed on the US S&P 500 over … Read More
These resource slides are designed for teaching faculty who teach about organizational “alternatives” to dominant corporate and bureaucratic forms of organization. The slides include links to recommended books, films, organizational case studies, sample syllabi and other resources appropriate for a wide variety of college-level classes. Individual slides are tailored to specific classes, including Methods, Theory, … Read More
Are you considering starting an Employee Stock Ownership Plan (ESOP) or converting your company to an ESOP? Or maybe making the big leap to a 100% employee-owned company? If you want your company to perform at its absolute peak and you want the people who make that happen (you included) to receive the ultimate financial … Read More
In this inside look at worker cooperatives, Joan Meyers challenges long-held views and beliefs. From the outside, worker cooperatives all seem to offer alternatives to bad jobs and unequal treatment by giving workers democratic control and equitable ownership of their workplaces. Some contend, however, that such egalitarianism and self-management come at the cost of efficiency … Read More
This volume explores an expansive array of organizational imaginaries, or conceptions of organizational possibilities, with a focus on collectivist-democratic organizations that operate in capitalist markets but place more authority and ownership in the hands of stakeholders other than shareholders. These include worker and consumer cooperatives and other enterprises that, to varying degrees: Emphasize social values … Read More
The CEPI provides unbiased guidance and resources for issuers, service providers and auditors. This combined 4-in-1 volume covers Employee Stock Purchase Plans, Restricted Stock and Restricted Stock Units, Performance Awards, and Global Equity Plans. This volume is designed to help prepare people for examinations necessary to achieve the Certified Equity Professional designation from the Certified … Read More
Carta’s Equity 101 is a free, interactive course designed to help everyone learn the fundamentals of equity. The course breaks down the basics of equity into 10 interactive lessons, covering the fundamentals including receiving a grant, selling shares, and taxation. In about an hour, users can learn basic terms and useful information, beginning from the … Read More
Labor unions and worker-owned businesses share the objectives of generating better jobs and giving workers control over their workplaces. The scaling of worker ownership paired with unionization offers pathways to expanded worker power and wealth-building for working people. The purpose of this paper is to show strategies used by labor unions to support the creation … Read More
The Worker-Owner Workbook can help teams develop cooperative businesses and worker-ownership culture. The book teaches the nuts and bolts of running a co-op business, from business financials to conflict management to team building. It also contains essential information about the co-op movement, labor movement, and the Mondragon cooperative network of Spain. The Worker-Owner Workbook is … Read More
How does a business go about transitioning —“converting”— to a worker-owned cooperative? This report provides illustrations with case studies of businesses that have converted and highlights key lessons from those companies’ experiences. The report categorizes conversions into four types: Type I: Owner sells to existing employees with the intention of remaining with the company; Type … Read More
From orphan to owner and then finally deciding to secure his legacy and transition his company to an ESOP, the founder of Mid South Building Supply, Norman Rales, had a monumental impact on the future of his company and the people who work there. Hear from the new owners (the employees) about how being an … Read More
You may recognize him from the cover of your favorite flour or oatmeal, Bob Moore, founder of Bob’s Red Mill, based in Portland, OR, tells the story of his company’s transition to employee ownership through an ESOP.
Hear the story about how one of the first craft breweries in the nation became one of the most successful employee owned breweries in the world. Most business owners know that there are three options when planning for retirement. One, they can sell their business. Two they can, pass the business to a member of … Read More
What happens when the founder of a business retires? How can they keep their legacy in tact? If you’re a business owner or executive, and you’re looking at business succession options, consider selling your business to your employees and reap the benefits.
What is an ESOP and how do business owners decide to transition ownership of their business, and often their life’s work, to their employees? Most business owners know that there are three options when planning for retirement. One, they can sell their business. Two they can, pass the business to a member of their family. … Read More
In this video a group of professional advisors discuss how employee owned companies with an Employee Stock Ownership Plan (ESOP) are structured.
Despite substantial scholarly attention to workforce demographic diversity, existing research is limited in understanding whether or in what contexts firm-level racial diversity relates to performance and workforce outcomes of the firm. Drawing on social interdependence theory along with insights from social exchange and psychological ownership theories, we propose that the use of broad-based stock options … Read More
This paper analyzes participation decisions in employee stock purchase plans. These plans allow employees to buy company stock at a discount from the market price and resell it immediately for a sure profit. Although an average employee stands to gain $3,079 annually, only 30% of individuals take advantage of this risk-free opportunity. Participation is more … Read More