Apropos of nothing, there is research[1] showing that worker-owned coops are less likely to go bust than conventionally-managed firms, and that greater employment stability is likely one reason for their greater resilience. IE they’re not as likely to use layoffs when times get tough and therefore don’t pay as many of the costs associated with higher turnover and lower retention. Stronger, more invested teams = more resilient company. Or something like that.
Apropos of nothing, there is research[1] showing that worker-owned coops are less likely to go bust than conventionally-managed firms, and that greater employment stability is likely one reason for their greater resilience. IE they’re not as likely to use layoffs when times get tough and therefore don’t pay as many of the costs associated with higher turnover and lower retention. Stronger, more invested teams = more resilient company. Or something like that.
[1] http://web.archive.org/web/20240105070617/https://journals.sagepub.com/doi/10.1177/001979391406700108