Siemens

[robert551069]

The giant electrical company, Siemens, encourages its staff to buy shares in the company and the staff own 20%. This encourages productivity and reduces absenteeism.

[FredPuli43]

Or go further and be like John Lewis (and Waitrose,owned by John Lewis) which makes every employee a partner. Then they get a share of all the profits as an annual bonus, as well as being owners.

Siemens employees can only own a very small number and value of shares individually; just think how many employees they have got; so its not obvious that they'll work harder because of it. The real value is in the psychological one of feeling that they are part of the company and have a part in it well-being instead of thinking of 'them and us' about it

[B00]

"This encourages productivity and reduces absenteeism. "

You'd think wouldn't ya?

Mr Boo works for Siemens, and that really isn't the case at all.

[robert551069]

The information I posted was reported to me by a director of Siemens in Germany.

[rojash]

Kinda puzzled by your post Boo. Are you saying that despite being a shareholder Mr Boo is an unproductive skiver?

Does he know that's what you think of him?

[bednobs]

perhaps she is saying that Mr B00 sees a lot of absenteeism? also robert, you do know this is Answerbank, right, not "make a general statement" bank?

[Zacs-Master]

'Encourages' is the same as 'achieves'

[Zacs-Master]

Is NOT. Tut.