Jim Armitage: Firms work better when the feeling's mutual
Jim Armitage is the City editor of The Independent and London Evening Standard group of newspapers. He has been a reporter and editor for more than 20 years and was recently shortlisted for the Press Gazette financial journalist of the year and The Society of Editors financial journalist of the year awards. He contributes news, investigative reports and comment to the Independent titles plus a daily column in the Evening Standard.
Thursday 04 July 2013
Outlook Forget about what Thomas Jefferson & Co were up to in 1776. Today, the 4th of July, we should be rejoicing in the first UK Employee Ownership Day.
Such newly minted "days" are baloney, of course, but Vince Cable, whose brainchild this one seems to be, is right to draw attention to the John Lewis model of doing business and he wants more firms to adopt it.
He will be visiting the HQ of engineering partnership Arup, where UK, Middle East and Asia chief Robert Care will be evangelising the benefits. The likeable Aussie is a pretty good ad for mutuality himself : bar a brief stint working for the government in Canberra, he's been with the firm since 1977. He says staff work harder, co-operate more, and don't tend to get poached by rivals if they feel they have a real stake and say in how the business works.
Dr Cable will announce plans for tax incentives and initiatives to make it easier to join the mutual gang. Employers, take note.
- 2 Top Gear: Jodie Kidd, Philip Glenister and Guy Martin 'in advanced talks' to join show
- 3 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 4 University student in court for allegedly covering housemates' food in window cleaner and spit
Italian police 'reveal' what Jesus looked like as a young boy
Mysterious 'X-Files' sounds heard miles above the Earth
University student in court for allegedly covering housemates' food in window cleaner and spit
Garland shooting: Isis claims attack on Prophet Mohamed cartoon contest in Texas as its first action on US soil
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian combined with near-naked ensemble
In defence of liberal democracy
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
Andy McSmith's Sketch: Feisty audience is the real star of an enlightening show
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...