Final answer:
To enhance productivity, companies may offer employee ownership, where employees share in the profits and have a stake in the company's success, leading to a more aligned and productive workforce. Worker-owned models and unionization can also contribute to higher productivity due to various incentives and training programs.
Step-by-step explanation:
To increase employee productivity, companies may consider offering employee ownership because employees who are part owners of the organization tend to be more productive. Employee-owned businesses are structured in a way that employees collectively own shares of the company, creating a direct link between their efforts and the financial success of the business. This cooperative ownership often results in profits and earnings being distributed among employees, which can lead to improved productivity due to the direct benefits they receive from the company's success.
Furthermore, there are alternatives to traditional capitalism such as having the workers own the company they work for. This not only boosts productivity but also aligns the interests of the employees with those of the company. Such an arrangement can also enhance the use of resources and increase the specialization of the workforce.
It's also worth noting that union workers may exhibit higher productivity than nonunion workers for several reasons. Higher wages, longer job tenure, cost savings in training and hiring, and job training programs are factors that contribute to the increased productivity seen in unionized labor forces. These aspects, when combined with ownership stakes in the company, can significantly boost the motivation and effectiveness of the workforce.