Shaw healthcare, care provider, which employs more than 3,000 people and manages over 2,100 care beds across the UK, has been named the third largest employee-ownership company in the UK, in a report published to mark the tenth anniversary of the introduction of a business model known as the Employee Ownership Trust (EOT).
It has been over four years since Cardiff-headquartered Shaw made the move to become employee-owned and the firm has previously been recognised as the largest employee-owned care provider in the UK. The Employee Ownership Trust Top 50 was recently compiled by employee ownership specialist, RM2, to celebrate more than 1,000 companies that have used the EOT model to become employee owned.
Russell Brown, CEO for Shaw healthcare, care provider, expressed his pride at the employee-owned status, commenting: “We’re extremely proud that it’s our employees who enable Shaw to maintain an excellent level of care.
We want them to feel valued and to prove this we have heavily invested in staff training and development, salaries and benefits packages. The company’s success is down to our employees and we share our profits to thank each and every one of them.
“Since moving to employee ownership, Shaw has paid out in the region of £5m of profits to its hard-working and committed employees in the form of tax-free EOT bonuses.
We are also an accredited Real Living Wage employer, something we feel is crucial to fairly reward our staff and to make Shaw an employer of choice, added Mr Brown.
Sarah Anderson of RM2, who compiled the data, commented: “We’ve looked at the data for several years now, but this year the focus is on EOTs, as we approach the ten-year anniversary of their introduction.
It’s particularly gratifying to see sectors such as healthcare and cleaning services, which traditionally offer lower levels of pay, adopting this all-employee ownership model.”
