What are the benefits of the company being employee owned?

In April 2024, Tops Day Nurseries and Aspire Training Team embarked on a transformative journey, transitioning into an Employee-Owned Trust (EOT). This monumental shift represents the culmination of our collective vision and signifies a pivotal milestone in our shared journey at Tops & Aspire.

Amidst the excitement of this transformative change, it’s natural for questions to surface. To address these enquiries and offer clarity, we’ve developed a series of insightful blogs aimed at addressing some of the most common queries posed by our employees. One of the questions is, “What are the benefits of the company being employee-owned?”

Evidence has shown that in other companies’ colleagues/partners were more productive because colleagues are more invested and have more of a voice. An EOT can increase colleague engagement and motivation that helps lower colleague turnover, and improves retention of talent, teams can be more recognised for their contributions and commitments. This does depend on the effectiveness of the colleague/partner reps. and council and the directors for putting in place the structures by which this can happen.

Ownership stays with people within the business, those who help to build it up, and are most committed to its future and to making the company a better place to work. Colleagues (or ‘partners’ as they may be called) will have been given a real stake in the business and are therefore more involved if they want to be. Eventually everyone will share in the profits of the business.

At its core, employee ownership ensures that ownership remains with those who have invested their time, talent, and dedication into building and nurturing the company. By granting employees a genuine stake in the business, we empower them to actively participate in shaping its future and fostering a workplace culture that celebrates collaboration, innovation, and shared success. Ultimately, the transition to an EOT model signifies our unwavering commitment to creating a workplace where every individual is valued, respected, and empowered to thrive.

If you would like to read more of our frequently asked question blogs, please click here.

Posted in: EOT FAQ's