Worker
Cooperatives (Coops)
A worker cooperative (coop) is a business owned and managed by its workers. Unlike traditional companies, worker cooperatives operate on democratic principles, where each worker-member has an equal say in decision-making and shares in the business’s success.
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How it Works
Step 1
Ownership
Each worker is an equal co-owner of the business
Step 2
Democratic Governance
Decisions are made collectively, usually following a one-member, one-vote system
Step 3
Profit Sharing
Profits are distributed equitably among worker-members, typically based on hours worked or agreed-upon criteria
Step 4
Membership
Workers join as members, contributing to the cooperative’s capital and committing to its principles
Benefits of a Coop
Shared ownership and profits
Equal voice in business decisions
Job security and stability
Keeps wealth within the community
Promotes local economic growth and resilience
Encourages ethical and sustainable business practices
Case Study: VividLife Homecare
VividLife Homecare
By 2030, a quarter of Californians will be older adults. California will have a shortfall of up to 3.2 million home caregivers, largely because working conditions discourage new people from choosing this path.
There’s an urgent need to fill this gap and find new paths forward. For Vivid Life Home Care, the solution is clear: transform the home care industry so that it elevates the well-being of seniors, people with disabilities, and the workers who provide them care. How? Incorporate the wisdom of traditional communities where elders are loved and respected, while also employing the modern best practices and training that help them live their best lives. At the same time, build a caregiver-owned business model in which caregivers own their companies and earn a livable wage and benefits.
