Experts from the Bristol offices of national law firm TLT, chartered accountants Baker Tilly and The Great Game UK are working together to help Bristol businesses understand how ‘unleashing the entrepreneur’ in their employees can enhance operational performance.
TLT's head of employee incentives, Ben Watson, explains "We want to create a community of people interested in actively discussing and learning about the benefits of employee engagement and ownership. But to do this, we recognise we need to bring together individuals with different skill sets. We see this as an opportunity for South West businesses to work together, with a carefully selected support network, to build sustainable and improved business models."
Through a series of networking and workshop events later this year the initiative intends to break down some of the barriers and myths surrounding employee engagement and ownership. TLT and Baker Tilly will be working with attendees to look at the legal, governance and tax structures involved.
Arend Welmers, a professional coach to CEOs and executive teams with a proven track record in designing and implementing successful performance strategies says, "We'll show businesses how to get employees thinking, feeling and acting like owners and how they can implement a powerful performance strategy that is great for improving profits and remarkably successful in improving the working lives of their people. Open-Book Management works because employees get a chance to act – to take responsibility rather than just “doing their job”. Each employee knows enough about the company to understand how their actions will affect business results – and understand that they share a stake in the outcome."
The series will start in September, with a business game, run by the Great Game UK, where Bristol companies are challenged to use employee participation to improve their business performance and generate an additional £10,000 operating profit within 30-days.