BIOLYTIX TECHNOLOGIES AN EXAMPLE OF AN EMPLOYEE OWNERSHIP COMPANY - PowerPoint PPT Presentation

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BIOLYTIX TECHNOLOGIES AN EXAMPLE OF AN EMPLOYEE OWNERSHIP COMPANY

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    1. BIOLYTIX TECHNOLOGIES AN EXAMPLE OF AN EMPLOYEE OWNERSHIP COMPANY

    2. BIOLYTIX - WORKER EMPOWERMENT THROUGH EMPLOYEE OWNERSHIP Some facts and figures on Employee Ownership companies and ESOPs (Employee Share Ownership Plans); Biolytix Technologies Pty Ltd about the company, its structure and management; Characteristics of TBESS the Biolytix Technologies employee ownership scheme; Benefits of the scheme: - improvements in HR management; - improvements in operating efficiencies; - competitive advantages of introducing an ESOP.

    3. FACTS AND FIGURES ON EMPLOYEE OWNERSHIP COMPANIES (AND EMPLOYEE SHARE OWNERSHIP PLANS) Most large Australian public companies have implemented broad-based ESOPs; Australia among the world leaders in terms of proportion of Top100 companies that have ESOPs, and participation rate within these schemes; But poor record when it comes to unlisted companies; Today, employees not only looking for socially-responsible businesses, but workplaces that offer opportunities for participation, skills development, a better work-life balance, and a fair sharing of the wealth created through their efforts

    4. ESOP COMPANIES Convey to their employees that where they work is a special place; Provide positive workplace cultures and have high productivity; Are ranked among the Best Places to Work and Best Corporate Citizen companies.

    5. DATA FROM UNITED STATES 17% of total workforce (and 34.9% who work for companies which hold stock) in the US belong to an EOSP.

    6. BIOLYTIXTECHNOLOGIES PTY LTD ABOUT THE COMPANY Queensland-based company which has invented, patented, manufactures, markets, sells and services innovative on-site wastewater treatment systems based on bio-mimicry; Incorporated in 2001; Has grown from 5 (in R&D) to 50 employees since 2004; Has won 9 major awards (including State, National and global) in 3 years.

    7. BIOLYTIXTECHNOLOGIES PTY LTD STRUCTURE AND MANAGEMENT Part of group of companies (with IP company, global licensor, and subsidiaries); Inventor is Managing Director, and was sole source of governance until 2004; With hiring of CEO, Board increased to 2; 10 functional areas/Departments formed, and Executive Team developed; With introduction of ESOP, Board increased to 3 as staff-elected Director was created (2005); Now, Board size increased to 4, with one independent.

    8. CHARACTERISTICS OF TBESS THE BIOLYTIX TECHNOLOGIES EMPLOYEE OWNERSHIP SCHEME TBESS (The Biolytix Employee Share Scheme) Trust established in 2005, with 3 Trustees, including CEO and 1 staff-elected Trustee, who is elected biennially by all staff; With posting of Annual Financial Statements, the Board decides (within the constraints of the 20% of employee share-holding limit) the amount of above-budgeted profit which can be allocated as units to be held by the Trust until they are issued as shares to the nominated staff 3 years later; Any staff member who has worked for the company for the full financial year is eligible to receive an allocation of units; Units/shares are allocated to staff on the basis of a multiple of their employment level and their performance appraisal (done by self, peer and management).

    9. BENEFITS OF THE SCHEME: - Improvements in HR management Staff understanding of how democracy in the workplace leads to greater job satisfaction; Pride by staff in their status as part owners in the company; Whole-of-company involvement in strategic direction; Commitment to team-work; Sense of value, and knowledge that their views will be considered at Board level.

    10. BENEFITS OF THE SCHEME: - Improvements in operating efficiencies Broad-based innovation (for improvements to product design); Ready acceptance of new systems which will improve productivity; Increased productivity; Commitment to achieving KPIs; Low staff turnover (most noticeable in factory).

    11. BENEFITS OF THE SCHEME: - Competitive advantages of introducing an ESOP More engaged staff (in direction setting; commitment to quality; achieving / surpassing targets); Lower turnover of staff (including factory workers); Commitment to continuous improvement and customer service (design improvements taking on client and external rep feed-back).

    12. THE END Please feel free to ask questions