Case Study 3: The new role of employees in participating in the company

project objectives “Employee-Ownership” is the transition from a full-time employee

who clocks in daily work hours into a partner who can motivate customers to take
care of their customers and work efficiently. A study by Douglas Kruse, an economist
at Rutgers University, found that, on average, companies that offer employees the
opportunity to become partners work longer. Satisfied with higher pay and higher
productivity than the average employee, Douglas co-authored a study of more than
30 data groups. He found that employees from the companies studied were paid
higher. and various benefits including from the increased share price as well

Jack Stack, Springfield Remanufacturing CEO, said, “What is more important than our
disclosure and commitment to decision making? with employees who are partners
that help the company to be successful.” The company was founded in 1983 when
a team of leaders jointly decided to buy a division. International Harvester
responsible for the invention of large engines. This is a great opportunity for all
employees to participate in the success and understand the company's financial
system well.

In addition to employees receiving their share of the shares, every week Stack holds
mini-meetings that allow everyone from senior management to janitors to stay
informed on financials. For those who do not know how to read financial
information, training is provided. So it can be used to make decisions about daily
tasks, such as whether broken machines should be repaired or bought new, and
within 3 years, profits and shares are priced at $13.60 per share, at 82% of the shares.
All belong to company employees.

All employees at this company are satisfied with their work and participation in even
the less important decisions. Major decisions such as employment, dismissal, or
payroll arrangements are accounted for by a board of advisors. Even the president of
the company receives a salary consideration from this committee. In addition,
everyone can easily start a new project from their own creativity. The purpose of the
investment is to allow employees to devote more time to helping one another, said
technology manager Michael Jones. It is common practice for a company to have
only one head, but here everyone is the head. There are also some companies
where employees own more than half of the total shares and are systematically
managed. and from the information of various companies show that Much of a
company's success comes from decentralization of its employees.

Corey Rosen, chief executive of The National Center for Employee Ownership, says
it's not important for employees to vote at board meetings. Instead, it was a daily
performance and little delegation. to work well This will allow most employees to
do everything for the company.

Discussion Questions

1. What is the difference between shareholders and shareholders who are

employees in the company?
2. Will general employees have different attitudes from employees who are partners
or not?

3. Should managers take on a different role for partner employees?

4. List all the different trends mentioned in this chapter. whether it is possible to
expand branches using the old system is Allow employees to be partners give a
comment

5. Would you like to work for a company where employees can partner? Why?