When Employees Have Equity, Good Things Happen
"The attitude of companies with programs for employee equity runs something like this: This is our company, and we will do whatever is necessary to help it succeed. It's that can-do attitude that makes equity stakes not only good for morale, but good for business, says the authors [Corey Rosen, John Case, and Martin Staubus] of Equity[: Why Employee Ownership Is Good for Business]...
The research and interviewing suggest that there are three key elements and that without all of them, it won't work. One element is equity itself -stock ownership significant enough that it matters to employees' financial future. The second is a culture that helps people think and feel like the owners they are. The third, and often overlooked, element is a shared understanding of key business disciplines, and a common commitment to pursuing them.."
Read more in this HBS Working Knowledge article.
