Innovation is hard coded into Loadhog’s DNA. In fact, it was mandated by founder Hugh Facey OBE that 25% of company profits must come from products less than four years old. This empowers a culture of continuous innovation and ensures products are always fresh in the market.
To be royally recognised for its innovation is a powerful endorsement not only of the Loadhog brand but the work and effort its employee owners put in to driving the business forward. Underpinning this drive is employee ownership.
Karen Hobson, Logistics Co-ordinator, said:
“Being part of an EO business gives us all that feeling of belonging to a family, not just being a cog in a wheel. It makes us want to work that little bit harder as we own a tiny part of the business.”
Brett Sayer, Business Development Manager, said:
“Employee ownership brings a real sense of accountability and motivation, which has helped me grow and develop during my time at Loadhog.”
Isobel Green, Sustainability Project Leader, said:
“Employee ownership encourages and facilitates a positive and fair work environment because we all have a say in how the business is run.”
Scott Bashforth, Facilitator Team Leader, said:
“Employee ownership allows employees to feel that they have a say in how the company is run and receive a share in profits. This can lead to increased productivity, faster growth in both employment and sales and in turn further profitability for the business. Greater commitment and engagement from staff resulting in reduced absence, staff turnover, fewer accidents which is crucial for a good reputation and results in the business becoming more attractive to work for and resilient especially during economic downturns.”