Fifty by Fifty is catalyzing a movement to scale up employee ownership
Our goal: 50 million employee owners in the US by 2050
An initiative of The Democracy Collaborative, Fifty by Fifty is aimed at creating a more inclusive economy through employee ownership. Our goal is to catalyze a movement with the knowledge, resources, and skills to grow the number of employee owners in the U.S. to 50 million Americans by 2050.
The latest employee ownership news
For Business Graduate Students, Employee Ownership Is a Fabulous Career
To create demand, business schools need a new message.
Continue Reading For Business Graduate Students, Employee Ownership Is a Fabulous Career
Worker-Owned Home Care Co-ops Growing Despite Challenging Industry Environment
Benchmarking survey shows coops offer better jobs, resulting in less turnover.
Continue Reading Worker-Owned Home Care Co-ops Growing Despite Challenging Industry Environment
New SSBCI Program Could Help Finance Employee Ownership Funds
The $10 billion Treasury program allows for employee ownership investments.
Continue Reading New SSBCI Program Could Help Finance Employee Ownership Funds
Empowered Ventures, an ESOP Holding Company
“It’s a win-win. The business owner is able to get market value for the firm, while preserving the firm’s legacy and rewarding its employees.”
Continue Reading Empowered Ventures, an ESOP Holding Company
Ownership America Launch Signals New Strategy for Expanding Employee Ownership
Policy and advocacy organization plans to build political momentum for broad-based ownership policies.
Continue Reading Ownership America Launch Signals New Strategy for Expanding Employee Ownership
EO Equals Outreach Campaign Launched by Four Leading Employee Ownership Organizations
Goal to reach small business owners who haven’t considered the employee ownership option.
Ohio Worker Ownership Network Poised to Scale Employee Ownership Statewide
New report argues worker ownership is solution to multiple economic challenges.
Continue Reading Ohio Worker Ownership Network Poised to Scale Employee Ownership Statewide
Employee Ownership Still Rarely Taught in Business Schools
Academy of Management workshop shows some faculty are finding creative ways to fill the gap.
Continue Reading Employee Ownership Still Rarely Taught in Business Schools
Guidelines for Equitable Employee Ownership Transitions
Employee buyouts can be opaque to newcomers. [The Guidelines] help guide investors, asset managers, and professional advisors in structuring deals that maximize positive impact for employees.
Continue Reading Guidelines for Equitable Employee Ownership Transitions
“It takes a job to get out of poverty but it takes assets to stay out of poverty. Ownership shares increase in value over time, generating wealth and security.”
—Fifty by Fifty cofounder Marjorie Kelly
Employee ownership offers a solution to the vast income and wealth inequality that is undermining America’s economy.
GOOD FOR EMPLOYEES
- WAGES: Employee owners earn average wages 5 to 12 percent higher than employees in conventional firms.
- WEALTH: The net worth of employee owners aged 28 to 34 is 92 percent higher than for non-employee owners.
- RETIREMENT SAVINGS: The average retirement savings for an ESOP employee is $170,000, twice the national average.
GOOD FOR BUSINESS
- TURNOVER: Employee engagement is higher and turnover is lower at employee-owned companies.
- GROWTH: Transitions to employee ownership increase productivity by more than 4 percent.
- STABILITY: Employee owners are one-fourth as likely to be laid off and their companies go bankrupt less frequently.
GOOD FOR COMMUNITIES
- JOBS: Employee ownership saves local jobs, because companies that are owned by their employees are far less likely to leave their communities.
- LOCAL WEALTH: Employee ownership keeps wealth circulating in local communities.
GOOD FOR OWNERS
- LEGACY: When business owners sell their businesses to their employees, they can keep their legacy alive for generations to come.
- SAVINGS: Entrepreneurs and family owners can realize the value the business has built while enjoying substantial tax savings.
- RESPONSIBILITY: Business founders and families can find ready buyers in employees, avoiding sale to those who would dismantle the business.
