Zaha Hadid Architects announced the establishment of the Employee Benefit Trust and transition to employee ownership. The practice, which includes studios in London as well as Beijing, was founded by Zaha Hadid in 1980. It now employs over 500 people who continue the legacy of the famous architect. This organizational shift will allow profits to be reinvested into the business and into equipment. It will also benefit the staff. The practice can continue to focus on visionary architectural endeavors.
“With her extraordinary vision and generosity in entrusting practice to friends and colleagues for many decades, Zaha has empowered all members of our team to nurture and develop the work she started over 40 years ago.” The announcement is based on the values of the late architect. Zaha Hadid Architects will transition to employee ownership. This will foster transparency and give the team more control over shaping the company’s future.
ZHA is now part of a large number of employee-owned architecture firms such as White Arkitekter and Make Architects, Allford Hall Monaghan Morris, BRP Architects, and Allford Hall Monaghan Morris. This model is increasingly being adopted by more companies each year because it offers significant benefits in succession planning and stimulates employee leadership. The move also comes with significant tax incentives in many countries. The UK legislature, in particular encourages employee ownership. Each year, the number of employee-owned businesses is increasing by 10%.