Employee benefits of co-operation
As owners, we are all focused on the long term, instead of seeking short run gain.Willie Watt, Chief Executive, Martin Currie
Empowerment and fulfilment
As shareholders and co-owners of their own business, the members of co-operative and employee-owned enterprises have more control over their destinies and a greater say in decision-making than they might in an investor-owned firm. This promotes a great sense of worthwhile, fulfilling employment.
Certainty of employment
Co-operatives are set up to meet the needs of their members and the local community, including providing employment and wealth creation. This motivates the co-owners to develop and sustain the business for continued mutual benefit.
Sharing risk and rewards
Co-ownership allows employees and members to share the cost and risk of the business venture. If they are successful, they also share in the company’s profits through dividends or bonuses.