Today Make is celebrating UK Employee Ownership Day. With numerous events running across the UK and the involvement of thousands of employee owners and other partners, EO Day is an integral part of the Employee Ownership Association (EOA) events calendar and was introduced to raise awareness of employee ownership as an economically strong and balanced business model.
Since our founding in 2004, the practice has been 100 percent employee-owned and held in an employee trust. The model has provided a robust and sustainable foundation for building – and maintaining – an incredibly successful practice.
Founder Ken Shuttleworth says, “When setting up Make, I knew I wanted something different. I envisioned a practice owned by everyone – and this was before we even knew there was something called ‘employee ownership’! That model had already proved to be a great success at John Lewis, and it went on to be a great success at Make, as well. For us, employee ownership creates a wonderful sense of belonging, of all working towards a shared goal. It’s a big part of what makes Make the great workplace it is today, and will continue to help us stand out in a competitive market as we grow.”
In only 12 years, we’ve grown from 1 to over 150 employees across studios in London, Hong Kong and Sydney. We currently rank 24th in the Architects’ Journal AJ100, a ranking of the UK’s top architectural practices, and have also been named AJ100 Employer of the Year 2016. As one of a small (but growing) number of employee-owned architectural practices in the UK, our structure provides a unique selling point in recruitment which enables us to secure the most talented professionals.
Employee ownership has always been in step with Make’s collaborative, non-hierarchical culture, which gives equal weight to everyone’s ideas and encourages equal participation in decision-making. Since every employee is a partner and receives an annual profit share, every ‘Maker’ is that much more invested in the success of the company. This level of dedication benefits Makers, of course, but especially clients, who can be sure that they’re always getting the best out of everyone.
Deb Oxley, CEO of the Employee Ownership Association, says: “When people have a stake in the place they work, the commitment to it and investment in it is much higher.”
More generally, the benefits of employee ownership have been proven in EOA-led research, and include improving employee health and wellbeing, increasing productivity and fostering creativity and innovation across an array of industry sectors. In addition:
- UK employee owned companies contribute over £30 billion to the UK economy annually
- Employee-owners have higher levels of job satisfaction, feel a greater sense of achievement and job security, and are more likely to recommend their workplace than employees in non-employee owned businesses
- Employee owned businesses operate in a range of sectors including healthcare, social care, education, transport, manufacturing, retail and professional services
“Companies such as Make Architects are great examples of the economic and social benefits that can be achieved in an employee owned environment. The EOA is proud to lead the sector-wide celebrations of employee ownership on EO Day 2016, as part of our activity to raise awareness and move employee ownership further into the mainstream of business structures.”
The Employee Ownership Association is a not-for-profit and politically independent organisation that represents businesses which are employee owned or transitioning to employee ownership across the UK.
Supporting a diverse network of more than three hundred companies, the EOA works in close partnership with its members to champion, promote and provide insight into the business case for employee ownership, and advocate the place of employee ownership within the UK economy.