This Franchisee Owns 112 Restaurants and Gives Ownership Stakes to His Staff: ‘It Helps Them Know It’s a Team’

Wade Oney's approach to giving ownership stakes to his staff is a refreshing take on employee engagement and retention. By offering a piece of the business to his managers, supervisors, and executives, he's not only incentivizing them to perform well but also giving them a sense of ownership and accountability. This move is particularly noteworthy in the competitive restaurant industry, where employee turnover rates are notoriously high.

What's interesting here is that Oney's strategy is not just about attracting and retaining top talent, but also about fostering a sense of teamwork and shared responsibility. By giving his staff a stake in the business, he's encouraging them to think like owners, rather than just employees. This approach can have a profound impact on company culture, leading to increased motivation, productivity, and ultimately, business success. It's worth noting that this approach is not unique to Bam-Bamy Pizza, but it's certainly not common practice either, making Oney's efforts worth watching.

As the talent market continues to evolve, it's clear that employees are looking for more than just a paycheck. They want to feel invested in the companies they work for and have a sense of purpose. Oney's approach is a step in the right direction, and it will be interesting to see how it plays out in the long run. To watch next: how Bam-Bamy Pizza's employee retention rates and overall business performance compare to industry averages, and whether other companies in the restaurant industry follow suit with similar ownership models.

Originally reported by entrepreneur.com. TalentNews adds analysis for business & startups readers.