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Treat Employees Like Business Owners

Harvard Business Review

But most employers ignore two of the most powerful tools for making that happen. And companies — except for the very smallest — can implement an employee stock ownership plan (ESOP), often funded through borrowing. Employee loyalty and engagement are hot topics, and for good reason.

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More than One Way to Organize a Business

Thin Difference

Many of them distribute power and decision-making throughout the organization. Instead of operating top-down, power is distributed throughout the organization, giving individuals and teams more freedom to self-manage, while staying aligned to the organization’s purpose. is the employee stock ownership plan (ESOP).

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Why the U.S. Needs More Worker-Owned Companies

Harvard Business Review

Some businesses with employee stock ownership plans (ESOPs) are converting into structures that more closely resemble worker co-ops. ” The company maintained the tax advantages of an ESOP, but distributed the shares in a way that would give employees with lower salaries greater voting power.

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