How employee ownership can uplift Gen Z's labor force | Fortune
Briefly

How employee ownership can uplift Gen Z's labor force | Fortune
"Soon to be the largest generation in the job market, many Gen Z workers - ages 18-28 currently - say their opinions carry little weight where it matters most. Employees report some of the lowest levels of influence over their pay, working conditions, and important workplace decisions. These "voice gaps" span every industry, leaving the newest generation of American workers feeling unheard in the places that depend most on their ideas and energy."
"For thousands of companies, and potentially tens of thousands more, employee ownership can be an effective way to address this issue. By giving workers an ownership stake in their companies, employee stock ownership plans (ESOPs) give employees an ownership interest in their company that builds throughout their careers, creating a financial stake for them in the long-term success of the business."
Gen Z workers (ages 18-28) increasingly report that their opinions carry little weight in workplaces. Reports show low influence over pay, working conditions, and key workplace decisions across industries. Many young workers experience uncertain advancement, limited returns on loyalty, and widespread burnout. Gallup found national worker engagement has fallen to its lowest point in nearly a decade, with Gen Z experiencing the sharpest decline. Employee ownership via ESOPs can give workers an ownership interest that grows over their careers and aligns incentives with company success. Prominent business leaders endorse giving employees a share of the value they create.
Read at Fortune
Unable to calculate read time
[
|
]