Employee ownership gives staff a stake, and a say in their work. Firms are more productive and more resilient as a result. Employees have higher job satisfaction.
It is no surprise then that policymakers from both left and right are clamouring to promote the ‘John Lewis economy’. But which policy levers, if any, are effective?
This report analyses the development of three notable clusters of employee-owned firms in the Europe and the US. It argues for a new policy approach – one that harnesses the power of norms and personal networks – to unleash a new wave of local ownership.