Why Employee Ownership must be considered as part of your BEE strategy
ESOPs (Employee Share Ownership Plans) involve enabling employees to share in ownership of the company they work in. Employee ownership is gaining momentum in South Africa as more companies recognise the benefits it offers. These include improved business performance, better employee relations, socio-economic benefits, and positive BEE outcomes, among others. These are particularly relevant in context of South Africa right now, where the country is facing a cost of living crisis, skills shortages, and high unemployment. For every business, employee ownership should be considered as part of the BEE and business strategy.