Need an argumentative essay on EMPLOYEE-OWNED BUSINESSES: PROS AND CONS. Needs to be 2 pages. Please no plagiarism.Download file to see previous pages... In this case, the level of motivation and resp

Need an argumentative essay on EMPLOYEE-OWNED BUSINESSES: PROS AND CONS. Needs to be 2 pages. Please no plagiarism.

In this case, the level of motivation and responsibility of the workers is generally increased, since they are interested in their company's better performance. Moreover, the personnel tend to be more accurate with the company's property and equipment.

There is a possibility to actualise inner loans within the company, e.g. paying salary or part of it with the company's stock. In this case, the company saves salary funds, and at the same time attracts funds. Very often the staff members have a restricted right to sell their stock. Moreover, "employee ownership companies have lower workers' compensation insurance rates than comparable non-employee ownership firms". (Employee Ownership Companies Pay Less for Workers' Compensation Costs, 2002)

It is important to take into account that the material methods of motivation are not the only method to make the employees committed. It is important to pay heed to the corporate culture, development of the workers' creativity, boosting the team spirit, etc. Possessing a part of company's shares is able to ensure all this. Being shareholder of their own company helps the employees keep up the team spirit, smoothen any possible social contradictions, and all in all, it improves the corporate climate.