Benchmark: Employee Participation
A survey of fast-growing companies found that 80% had instituted employee-participation programs. The 66% that said their programs were either "essential" or "very important" were more optimistic about growth over the next 12 months than the 34% that rated the programs "somewhat important" or "unimportant."
Percentage of companies that rated employee-participation programs --
|Plans for growth||"essential" or "very important"||"somewhat important" or "unimportant"|
|Have plans for major new investments||64%||49%|
|Plan to hire more staff||83%||69%|
|Are considering acquiring another business||36%||25%|
|Expect to increase investment in new-product development||46%||33%|
|Expect to increase investment in information technology||49%||32%|
Source: "Trendsetter Barometer," Coopers & Lybrand, New York City, August 1994.* * *
DONNA FENN is the author of Upstarts! How Gen-Y Entrepreneurs Are Rocking the World of Business and 8 Ways You Can Profit From Their Success, an exploration of the ways Gen Y is changing the entrepreneurial landscape.
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