Mills’ new Employee TRUST initiative will reward loyalty and incentivise staff – and help secure the long-term future of the company.
Mills CNC, the exclusive distributor of Doosan machine tools in the UK and Ireland, is a progressive company that has a reputation for challenging the conventional, raising the bar and doing things differently.
On the back of a highly-successful MACH show in April and major investments made to developing its campus facility in Leamington, and with 2014 half-year results expected to be the best in the company’s 42 year history, one might be forgiven for thinking that Mills, which has just successfully completed a management buy-out and the appointment of a new Operational Board of Directors, might take its foot off the pedal.
Because, rather than rest on its laurels and potentially leave its continued growth and sustainability to chance, the company has recently implemented an innovative employee TRUST scheme designed to reward staff for their continued service...and in doing so help secure the long-term future of the company.
The Trust, created by the gift of a substantial share-holding by Nick Frampton and Andrew Jack means that Mills has the widest employee participation of any company in the UK machine tool sector.
Says Paul Hooper-Keeley:
'Independent research reveals that employee-owned companies consistently perform better and deliver improved customer service.
'Because, we are a privately-owned company with total autonomy and flexibility over the running of our business and, because we are dedicated to improving our performance and customer service by investing in our people, the creation of an employee TRUST was a natural and obvious choice.'
The TRUST gives all Mills employees a vested interest in the future growth and profitability of the company.
It helps address issues facing all UK manufacturing companies – namely attracting and retaining skilled and experienced staff, and will, according to Paul Hooper-Keeley, 'not only make existing staff feel even more valued and integral to the future growth and success of the company, but also attract new talent to Mills who are looking to join and contribute to one of the UK’s fastest-growing and most innovative machine tool companies.'