A New Future of Work and Wealth with Ownership Works

Millions of Americans lack the stability and security that wealth bestows. Even many two-income households are living paycheck to paycheck, struggling to meet their basic needs and lacking financial security in case of an emergency. Strikingly, the bottom 25% of households have a medium net worth of only $300 and 26% of workers have no money saved for retirement.Ownership Works, a nonprofit organization, is working to change that by partnering with companies to provide employees with the opportunity to build wealth at work. Through shared ownership, all employees – from management to the assembly line – become owners in the company.We invited Pete Stavros, Founder of Ownership Works, to explain the nonprofit’s approach to broad-based employee ownership and its proven impact on company culture, financial returns, and employees’ financial security.Listen for Pete’s insights on:●      How shared ownership directly impacts corporate performance.●      How Ownership Works uses data to track equity by level and demographics.●      What pitfalls to avoid when introducing shared ownership.●      What is necessary for shared ownership to be successful in a company.Resources + Links:●      Pete’s LinkedIn●      Ownership Works●      Ownership Works & Ingersoll Rand Case Study●      Ownership Works & C.H.I Overhead Doors Case Study●      Employee Ownership: Wall Street Agrees That Ownership Works (Forbes) (00:00) - Welcome to Purpose 360 (00:13) - Pete Stavros – Ownership Works (05:33) - Pete's Background (09:07) - The Genesis (13:47) - Making It a Not-for-Profit (16:32) - Vision (21:11) - Video Clips (22:48) - Case Example (27:23) - The Type of Company for This (33:05) - How Investors Feel (34:10) - Potholes (37:47) - Partners (40:13) - The Future (42:36) - Handling Growth (44:51) - The Name (46:02) - The Last Word (50:09) - Wrap Up