Employee-owned Business (Noun)
Meaning
A commercial enterprise owned by the people who work for it.
Classification
Nouns denoting acts or actions.
Examples
- The company transitioned to an employee-owned business, giving its workers a greater sense of ownership and motivation.
- As an employee-owned business, the profits are distributed among the staff, creating a more equitable work environment.
- The employee-owned business model has been successful for the company, with increased productivity and job satisfaction reported by its employees.
- After the founder's retirement, the company was restructured as an employee-owned business, ensuring its legacy and continued success.
- The employee-owned business has been recognized for its innovative approach to management and employee engagement.