Two of Swindon’s most successful employee owned organisations have joined forces to celebrate Employee Ownership Day by holding an event on the benefits of being an EO business.
SEQOL and the National Self Build and Renovation Centre (NSBRC) will be holding a business breakfast on Employee Ownership Day, 3 July, at the NSBRC from 8am until 10.30am.
Entitled ‘What difference does employee ownership really make?’ The event will feature speakers from each of the host organisations, as well as the UK’s largest employee owned business, John Lewis, on how the change has made them stronger. There will also be ample time for questions on how these organisations have found and benefitted from the transition.
Peter Matthews from Capital for Colleagues also speak on what employee ownership is and why businesses chose to be employee owned? He will give an introduction to employee owned business models and how ‘Capital for Colleagues’ can support businesses becoming EOBs.
Employee owned businesses now contribute £30 billion to the economy annually. Figures from the National Employee Ownership Association also show that employee owned businesses have outperformed their markets during the recession and that last year on average they increased their operating profits by 25.5%. Staff satisfaction in this type of business is high, with 80% of employees happy to recommend their place of work.
Heather Mitchell, CEO of SEQOL, said: “SEQOL has been employee owned since 2011 and this way of structuring our business enables our staff to feel in control of the organisation and able to make suggestions on new services and ways of working that not only benefits them, but are also beneficial to the people of Swindon that use our services.”
Harvey Fremlin, general manager of NSBRC, added: “Whilst relatively early in our journey of employee ownership, the NSBRC has already seen the benefits of this model; in both galvanising and energising an already dedicated team and through increased retention with our clients, who recognise the passion and commitment to service that employee ownership naturally brings.”
The event is sponsored by commercial solicitors Clark Holt.
To register for the event visit: www.employeeownershipday.eventbrite.co.uk