How would your business be different if every employee had equity in the business?
When you give ownership to your employees, they care a lot more about the success of the company because they have a stake in it. They’re more committed and you’re unlikely to hear them say, “that’s not my job,” or going through the motions to get them from Monday to Friday for the sake of the pay-check.
We know owners make the best employees. It gives them full transparency and daily access to revenue metrics, goals and strategies and they get to speak freely about their ideas and concerns.Now, to some CEOs this may seem scary, and maybe even more of a headache if everyone gets to have their say. But the opposite is true. If you’re prepared to listen, learn, trust your people so that you have all the information (and viewpoints) to make the best decisions.
This is where Kerry Siggins comes in.
Kerry is the CEO of StoneAge, and she created exactly this kind of work culture. Her mission is to be the best possible leader she can be and she’s certainly carving a path for people to be inspired by.
Taking on the CEO role at 29, in an industry in which she had no experience, she quickly learned that being a leader means:
- listening… a lot,
- asking questions… a lot,
- learning… a lot, and
- trusting your team… a lot.
And with that she’s created an inclusive culture where every employee has an “own-it” mindset, because at StoneAge, every employee has equity in the business.
So what would it mean for your business and leadership if you decide today to tweak your leadership habits so that you and your employees “own-it” a whole lot more? Maybe you can listen more, ask more questions or take on a learner mindset, a mindset of curiosity?
Can you create a scheme for employee ownership?
Click here and let me know what is one habit that you know would help you up-level your leadership and create an “own-it” culture.
And… Listen to this week’s episode of Leadership Live Podcast, where Kerry describes her inspiring story of going from a life of partying hard and working hard, where she thought she had everything under control, to losing all control, hitting rock bottom and then taking charge and rising up again to become a top-performing CEO with a winning culture. Kerry is a woman who knows how to juggle more roles than most, as Mom, wife, CEO, Yoga Fundi, podcast host and more, and she does it all with joy and laughter.