Today marks Employee Ownership Day – the national celebration of employee ownership and the chance to raise awareness of the positive impact of employee ownership (EO). At Scitech, in our 20th anniversary year, we are not only celebrating our status as an employee-owned company, but we are also celebrating the 10th anniversary of becoming employee owned.
We believe employee ownership makes Scitech a special place to work, bringing benefits to everyone who works at the company which, in turn, ensures we can deliver successful projects for our clients.
Being employee-owned means that everyone has a say via our employee forums, and we all share our success across the business.
How does employee ownership work at Scitech?
We retain management and board structures along with associated reporting lines, as employee owners we are not involved in every decision. However, we all have a say on the decisions that impact us. With no external owners, shareholders, or investors, we are in control of our own destiny. We all share in the success and profits of the business and decide how to re-invest or distribute any surpluses.
This has a positive impact on the ethos of the company, creating a sense of empowerment and ownership in everyone, regardless of their level of seniority.
Dave Grant, Managing Director at Scitech, explains: “One of the aims of the original owners of Scitech was that ownership and control would always remain within Scitech. As the company evolved and some of the original owners retired or moved on, this became more difficult. So, in 2012, to ensure that ownership continued to be held by our employees, the Scitech Employee Ownership Trust was established. Ten years later, I feel that everyone would agree that it contributes to achieving a great company culture and in making Scitech a special place to work.”
Scitech will be celebrating 10 years of employee ownership and 20 years of Scitech with a special event for staff in July. Keep an eye out for updates via our LinkedIn account.
You can find out more about Scitech’s history on our ‘Who we are’ page on our website and about employee-ownership on the Employee Ownership Association website.