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THECARER_UK
Issue 228
Employee Ownership Solution to Looming ‘Care Capacity and Quality Crisis’ An innovative White Paper has suggested that providers in the adult care sector sell their businesses to their employees, with evidence suggesting that Employee Ownership (EO) is now one of the UK’s most popular succession options. The White Paper published by Care England supported by the Employee Ownership Association (EOA), says that succession will help retain employees and capacity in the care sector.
The paper, People Powered Care: Leveraging employee ownership as a succession option to retain capacity in the adult social care sector, makes a series of recommendations for care providers looking for exit, “anchor institutions” including local authorities, and the government to make EO is part of the consideration of a looming “workforce crisis” and compounding capacity issues, which it claims already affect care quality.
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