Our Ownership Philosophy
Even where shared financial ownership may not be an option, workplaces that foster a culture of ownership are more likely to perform at high levels and to attract and retain creative, responsible, and committed employees.
Three key components of an Ownership Culture are:
- Participation: the opportunity for people at all levels of an organization to contribute to identifying problems and crafting solutions
- Accountability: a sense of responsibility not only for one's own work, but for the work of colleagues and the organization as a whole
- Shared Rewards: when an organization succeeds, all of those who contributed to that success are able to share in the profits, other forms of recognition, or the satisfaction of increased organizational impact
Within our own company we are committed to maximizing the power of ownership. All Praxis employees have the opportunity to become owners of the firm. We operate our company according to principles of participation, transparency, shared leadership, shared responsibility, and shared rewards.