Employee Incentives - 3 ways to create engagement and foster an ownership culture
Companies with a strong culture of ownership outperform their counterparts by 47% in revenue growth and 200% in net income growth. ESOPs, ASOPs, Equity, Incentive Plans - there are many ways to build a culture of ownership, and reap similar benefits, with or without providing actual physical ownership in your business.
In this engaging 30 minute session, Adam from Faculte3 shares 3 different approaches you can use that will create engagement and foster an ownership culture in your own business.
Adam explores the importance of establishing emotional ownership before legal ownership, and talks through some low risk ways to start establishing that emotional connection, as well as what offering legal ownership could look like in your business.
Whether you're considering offering legal ownership in your business (eg ESOP / ASOP plans) or you're looking for engaging ways to build ownership thinking within your team, this session is a must watch.
Tools to help you get started in building an ownership culture or exploring legal ownership in your business:
Download our Employee Engagement Questions in PDF OR
Click here for an online template in MS Forms that you can copy and share with your team
Want to find out more about what your incentive plan could look like? Reach out to Adam by email here, or head to the Faculte3 website to learn more about how they can help your business close the gap between strategy and execution.