Indian paper company, Aurobindo Paper Mills, has been operating under a self-management model for over two decades. This unique approach was introduced by its founder, who believed in the power of self-management and the ability of workers to govern themselves. The company has no managers, no job titles, and everyone is on the same pay scale.
The model is based on trust, respect, and responsibility. Employees are free to make decisions and take actions that they believe are in the best interest of the company. They are also encouraged to learn new skills and take on different roles within the company.
The success of this model is evident in the company’s growth and profitability. Despite operating in a highly competitive industry, Aurobindo Paper Mills has managed to stay profitable and grow steadily.
This approach has also led to a high level of employee satisfaction. The company boasts a nearly zero percent employee turnover rate. Workers are proud to be part of the company and believe in its mission and values.
The company’s success demonstrates the potential of self-management and challenges traditional notions of hierarchical management. It serves as an example to other companies looking to innovate and improve their organisational structures.
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