Policy-Makers and Many Employers Are Convinced That Employee Ownership Is Necessary to Obtain Commitment to Employees’ Work and to Their Organisations.
Policy-makers and many employers are convinced that employee ownership is necessary to obtain commitment to employees’ work and to their organisations.
Assess the evidence for this proposition and explain why you agree or disagree with it.
In October 2011, anti-capitalism activists held a demonstration outside London’s St. Pauls Cathedral that caused a political debate regarding the future of big business. Marisa Cassoni, previous financial director at John Lewis Partnership, believes that organisations have become too focussed on one particular business model and that they should be more open to different types of models (Bartram, 2012). This has led to the increase in popularity of ‘Employee Ownership Plans’. This is a scheme that provides workers with an ownership interest within an organisation such as shares, which can be held until the employee retires or leaves the organisation. Despite not being a relatively new concept, it appears to have become more popular in recent times, as organisations attempt to separate themselves from competition. This essay aims to analyse and evaluate the evidence that suggests that policy-makers and many employers are convinced that employee ownership is necessary to obtain commitment to employees’ work and to their organisations. In order to achieve the overall objective of this essay, it will look at the Government’s position on the implementation of EOP’s within business’. Also, this essay will examine recent trends in employee ownership throughout Eastern Europe by using Ramsay’s (1977) Cycle of Control Thesis. It will also look at the possible reasons for implementing Employee Ownership Plans (EOP’s) and the implications that employee ownership can have on organisations. This essay will also discuss the success of organisations who have implemented EOP’s, for example the Mondragon Corporation and John Lewis Partnership. In addition, by analysing the effects on employees’ attitude towards their job, this essay will be
Assess the evidence for this proposition and explain why you agree or disagree with it.
In October 2011, anti-capitalism activists held a demonstration outside London’s St. Pauls Cathedral that caused a political debate regarding the future of big business. Marisa Cassoni, previous financial director at John Lewis Partnership, believes that organisations have become too focussed on one particular business model and that they should be more open to different types of models (Bartram, 2012). This has led to the increase in popularity of ‘Employee Ownership Plans’. This is a scheme that provides workers with an ownership interest within an organisation such as shares, which can be held until the employee retires or leaves the organisation. Despite not being a relatively new concept, it appears to have become more popular in recent times, as organisations attempt to separate themselves from competition. This essay aims to analyse and evaluate the evidence that suggests that policy-makers and many employers are convinced that employee ownership is necessary to obtain commitment to employees’ work and to their organisations. In order to achieve the overall objective of this essay, it will look at the Government’s position on the implementation of EOP’s within business’. Also, this essay will examine recent trends in employee ownership throughout Eastern Europe by using Ramsay’s (1977) Cycle of Control Thesis. It will also look at the possible reasons for implementing Employee Ownership Plans (EOP’s) and the implications that employee ownership can have on organisations. This essay will also discuss the success of organisations who have implemented EOP’s, for example the Mondragon Corporation and John Lewis Partnership. In addition, by analysing the effects on employees’ attitude towards their job, this essay will be