AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Employee owners vs. employee renters: which do you employ? (Management & Careers).

Government Finance Review

| June 01, 2003 | Green, Marnie E. | COPYRIGHT 2003 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Employee owners approach their jobs with a sense of pride and strive to maintain both the quality of their work and the quality of their relationships.

Employees are a lot like cars or houses. The amount of care, attention to detail, and feelings of permanency we project toward our cars or houses is comparable to the way employees view their work relationship. Consider the analogy.

EMPLOYEE RENTERS

When we rent a car or a house, we are less likely to spend a lot of time caring for it, nurturing it, or preserving it. On vacation, when we hit a big bump on the road, we say, "no big deal ... it's a rental." If we nick the wall of our rented apartment, we say, "oh well, we'll be moving soon." Our attention to the little details are not as precise because we know our relationship with that particular car or house is not going to last forever.

Some of our employees are also renters. They view their jobs from a temporary perspective. With the short-timer approach, they are less likely to give great attention to the accuracy or precision of their work. They believe that the quality of their work is "no big deal" because they won't be there for very long. As a result, performance suffers and they look to move on as quickly as they can, once they've gotten what they wanted from our employment.

EMPLOYEE OWNERS

On the flip side, when we own our own house or car, we are more likely to spend time on the maintenance. We concern ourselves with the cleanliness and appearance of our property. If the car gets a scratch, we may touch it up. More regularly, we give the house a fresh coat of paint. Our property is something we are proud of, and we usually expect to own it for an extended length of time.

Related articles from newspapers, magazines, journals, and more
91% of Companies State ESOPs are Good Business.
Press release article from: PR Newswire August 16, 2006 700+ words
...employee-owned means better company performance and greater wealth creation for employee owners. In 2006, 91% of respondents declared that creating employee ownership through an ESOP (employee stock ownership plan) was "a good business...
Employee Owners Garner 11 New Co-sponsors to Pro-ESOP Bill.
Press release article from: PR Newswire May 19, 2000 700+ words
...As a reward to the hundreds of employee owners who converged on Washington, D...positive response from meetings between employee owners and members of Congress." With an...part-owners in the company, the employee owners are more likely to think and act like...
AVIS EMPLOYEE-OWNERS RECEIVE LETTER FROM U.S. TRUST DEFINING ROLE AS TRUSTEE TO...
Press release article from: PR Newswire July 15, 1996 700+ words
...July 15 /PRNewswire/ -- Avis employee-owners received a letter from U.S. Trust...management. The Trustee advised Avis employee-owners that it "has been assured by HFS...subject to voting instructions by the employee-owners in determining whether the transaction...
NAR sued by union, employee-owners. (North American Rayon Corp.)(Brief Article)
Magazine article from: Daily News Record March 28, 1995 700+ words
...United Textile Workers of America, AFL-CIO, CLC and five employee-owners and an employee member of the Employee Stock Ownership Plan...benefit," said UTWA president Ron Myslowka. "While 1,400 employee-owners have seen the value of their stock decline, Green, Butts...
Taylor made labels: an Oregon family's converting business shares the wealth...
Magazine article from: Label & Narrow Web Kenny, Jack September 1, 2003 700+ words
...plan, "which is totally self-directed," Paul adds. Employee owners of any company share in its successes, but they also have...both in materials and in time. The brothers say that the employee owners understand the impact that waste has upon the manufacturing...
Employee owners key to American Chartered.(Business)
Newspaper article from: Daily Herald (Arlington Heights, IL) Comerford, Mike October 4, 2000 700+ words
...unique in banking," Riter said. "There is nothing like it in Chicago and few like it anywhere in the states." Those employee-owners have been doing well with their investment. Founded in 1987, the bank started with just six employees and $2.3 million...
SAIC Employee-Owners Honored by NASA.
Press release article from: PR Newswire December 17, 2003 700+ words
...achievement." In addition to its activity with the human spaceflight programs, SAIC's SEAS Group has approximately 1,000 employee owners providing scientific and technical support to critical climate and global change research programs for NASA, the U.S...
United, unions talk contract // Employee owners face test
Newspaper article from: Chicago Sun-Times MARY ELLEN PODMOLIK July 26, 1996 700+ words
...can be attributed in part to the generous givebacks from employees. But it is also a result of improved revenue growth. Employee owners have benefitted from that, as the airline's common stock, which recently split 4-for-1, is worth more than it was...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA