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Employee Ownership or How to Anticipate Financial Crises Within a Company: The Case of the Coronavirus Pandemic

Employee Ownership or How to Anticipate Financial Crises Within a Company: The Case of the Coronavirus Pandemic

Chibani Siham, Mohammed Elkhamlichi
Copyright: © 2022 |Pages: 16
ISBN13: 9781799885573|ISBN10: 1799885577|ISBN13 Softcover: 9781799885580|EISBN13: 9781799885597
DOI: 10.4018/978-1-7998-8557-3.ch002
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MLA

Siham, Chibani, and Mohammed Elkhamlichi. "Employee Ownership or How to Anticipate Financial Crises Within a Company: The Case of the Coronavirus Pandemic." Employee Share Ownership and Impacts on Organizational Value and Behavior, edited by Sara Elouadi, IGI Global, 2022, pp. 18-33. https://doi.org/10.4018/978-1-7998-8557-3.ch002

APA

Siham, C. & Elkhamlichi, M. (2022). Employee Ownership or How to Anticipate Financial Crises Within a Company: The Case of the Coronavirus Pandemic. In S. Elouadi (Ed.), Employee Share Ownership and Impacts on Organizational Value and Behavior (pp. 18-33). IGI Global. https://doi.org/10.4018/978-1-7998-8557-3.ch002

Chicago

Siham, Chibani, and Mohammed Elkhamlichi. "Employee Ownership or How to Anticipate Financial Crises Within a Company: The Case of the Coronavirus Pandemic." In Employee Share Ownership and Impacts on Organizational Value and Behavior, edited by Sara Elouadi, 18-33. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-8557-3.ch002

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Abstract

The COVID-19 pandemic has turned the world of work upside down. It is having a dramatic effect on the employment, livelihoods, and well-being of workers and their families, as well as on businesses around the world, especially small and medium-sized enterprises. It started in China at the end of 2019, with that country's economy mainly the first to be affected. The global economy was then impacted as the virus spread. It is a bit early to estimate precisely the extent of the economic crisis on a company, but it is already certain that it is more brutal than before. Companies that have opened their capital to their employees are more likely to keep their employees than other companies that offer a significantly higher level of security to their employees (maintenance of working hours and compensation). What practical economic logic will be found in the company once employee ownership is applied? Would it be an effective way to overcome the various situations of discontent and anxiety among employees, where these feelings are already very strong?

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