Monday, July 1, 2013

News: Get to grips with employee ownership


Gripple, the market-leading innovative manufacturer of wire joiners and tensioners and wire-rope hangers, will showcase its successful business model based on employee ownership at an event this week.

Employee ownership refers to the employees of a company having a significant and meaningful stake in their company. To be meaningful the employees' stake should go beyond mere financial participation and underpin organisational structures that ensure employee engagement.

The Sheffield firm is so committed, and convinced of its advantages, that the company has recently moved the model on still further by establishing a private employee owned company, GLIDE (Growth Led Innovation Driven Employee Company Limited), which represents all the shareholder members working in its partner companies with an employee elected board of directors speaking for all GLIDE members – the staff.

On July 4, at The Old West Gun Works, attendees will be able to learn and understand face to face its proven benefits as part of the Employment Ownership Association (EOA) initiative - National Employee Ownership Day.

During the Open Day visitors will not only have the opportunity to talk to Gripple staff and the other members of the Gripple family of employee owned companies – Loadhog and PMS Diecasting – but also representatives from local companies who have already taken the step after recognising the advantages of employee ownership to their companies and employees, including John Lewis, KPMG, Swann Morton, Abacus Design Associates, School Trends, City Health Care Partnership, Walker Morris, Spectrum Community Health, Sheffield Hallam University, TransaveUK, Co-ownership Solutions, Wrigleys and Wicker Pharmacy.

Andy Davies, business development director at Gripple and chairman of the GLIDE board, said: "The employee owned companies in our region are keen to spread the good news that EO can be of tremendous benefit to their business because staff feels that they own it! We are delighted to open our doors and will welcome anyone who wants to learn and dispel any misconceptions about EO they may have."

Gripple website

Images: Gripple


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