Agilisys has been ranked as number 11 in the top 50 list of UK employee-owned (EO) companies in research revealed by the Employee Ownership Association (EOA), making it the highest new entrant this year.
Having made the innovative transition to become an employee-owned business in April 2015, the company has been named in the EOA Top 50 list after just over a year.
Formed in 1998 and employing almost 2,000 members of staff, Agilisys improves access to public services for millions of citizens, and it is now one of the largest employee-owned businesses in the UK.
Steven Beard, chief executive at Agilisys commented: “Agilisys incorporated our Employee Ownership Trust just over a year ago, and it is really pleasing that we are now one of the largest employee owned organisations in the UK.
“As employee owners we have a greater say in the way our company is run and are contributing directly to the future of a business that we’re proud to work for. Employee owners are proven to have higher levels of job satisfaction, feel a greater sense of achievement and job security, and are more likely to recommend their workplace than employees in non-employee owned businesses. In turn this provides major benefits to our stakeholders, including customers, suppliers and the local communities in which we work as they know we are focused on their long-term interests and can trust us to deliver a quality service.”
Research undertaken by RM2 revealed that investment in employee engagement provides a demonstrable return. Year-on-year productivity rates amongst the 2016 EOA Top 50 have increased by 1.5% – far surpassing those of their non-EO counterparts – and helped to deliver a 6.3% like-for-like increase in year-on-year sales, which now total £22.6bn.
The Rt Hon Matthew Hancock MP added: “I am delighted to see that Agilisys, an innovative public sector partner, sits so highly amongst a growing sector of employee owned companies that contribute over £30bn to the UK economy every year.The benefits of employee ownership include improving employee health and wellbeing, increasing productivity and fostering creativity and innovation across an array of industry sectors.”
Between 2014 and 2016, combined sales of the top 50 have increased by 10.2%, compared to UK GDP which grew at just 7.7% over the same period, demonstrating the opportunity for business owners or entrepreneurs to add real value to their organisation.
Deb Oxley, CEO of the Employee Ownership Association, said: “Employee ownership recognises that the foundations of success are rooted in people, and businesses such as Agilisys demonstrate their commitment to rewarding the contribution staff make to a company’s success by offering all employees a real stake in the company’s future.”
“Our top 50 results not only provide us with clear evidence of the economic and social benefits that can be achieved in an employee owned environment, but also show us clearly that the sector is growing. I congratulate Agilisys on their impressive first entry into the EOA Top 50.”
The full list of the top 50 employee owned companies in the UK can be viewed here.
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