Promoting employee stakes is a win-win for staff, bosses and State. So why the government inaction?
Government economic policy wishes to make Ireland an even greater global IT hub. However, the country's success in attracting the Googles, Airbnbs and Twitters means that indigenous IT companies, particularly high potential startups that are being backed by State money through Enterprise Ireland, are often struggling to attract staff as they cannot match the healthy salaries paid by some of the world's most valuable companies.
At Irish Pro-Share Association (IPSA) we advocate greater employee ownership - that employees (some or all) have a stake in the enterprise that they help make profitable.
In 2012 the UK government-commissioned Nuttall Report analysed the costs and benefits of sharing equity among employees. The benefits hugely outweighed any perceived costs (administration being one of the few).