Every year, those employees get a percentage of their salaries in company stock. During Central States’ worst year, employees earned the equivalent of 6 percent of their pay in stock, during their best they earned 26 percent. Last year, an employee earning $100,000 a year received $26,000 worth of stock in their account. As the company has grown, the value of that stock has averaged 20 percent returns annually, outperforming the stock market.
So you now need to buy shares first before you can get any job?
no, you just tie share ownership to employment
Usually, in co-operative businesses, the members have to agree to hire someone.
RTFA
Ah, so this example is not transferring equity all the way at once.