Other organizations recognize the threat and hire managers with strong interpersonal skills to deal with growing employee violence. ESOPs are plans which allow employees to buy part or total ownership of the company in which they work. Since then, the idea of employees taking over ownership of their companies has gained much favor. There are about 10,000 businesses with ESOPs, covering over 10 million workers. Giving employees a share in the profits of the firm motivates them to enhance their involvement in the firm and increases morale.
Productivity also seems to rise.
The goals of ESOPs are good, but the implementation of such programs is often less than satisfactory. Managers must constantly be aware of emerging issues that affect employee-management relations.