All Employee ownership articles
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ArticleParfetts awards employees 12% profit share bonus
Wholesaler Parfetts has awarded its employees a 12% profit share bonus following a record year for turnover. The employee-owned business operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport. All qualifying employees will receive the bonus in October. It is an increase from the ...
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ArticleGusto Group to become 100% employee owned
Manufacturing, construction and architecture business Gusto Group will transition to an employee ownership trust (EOT) as part of its goal of achieving shared success and fostering a culture of entrepreneurship.A total of 100% of the firm’s ownership will be transferred to an EOT on 31 March 2027 as part of ...
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ArticleTesco employees to share £30 million from share schemes
More than 20,000 Tesco employees are to share £30 million following the performance of its sharesave schemes.The staff are mainly those working in stores and distribution centres. As the schemes have now matured, they will share in a profit created by the growth of Tesco’s share price, which reached £3.06 ...
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AnalysisHow to boost the popularity of employee share schemes
Credit: Shutterstock/ YesPhotographersNeed to know:Employee share schemes can help organisations attract, retain and motivate staff.But these are not always as valued as they could be by employees.Effective communication is essential, including video, apps and presentations.In March this year, 9,200 Marks and Spencer staff who had been paying into a share ...
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Case StudiesBe.EV positions employee share schemes to retain top talent
National electric vehicle (EV) charging network Be.EV started up in 2020, and officially launched in April 2021. It has always placed the concept of employees sharing in its success at the heart of its model, initially by giving early hires an equity stake and more recently through two enterprise management ...
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ArticleThe Industry Club becomes 100% employee-owned
The Industry Club, a recruitment firm for the marketing and media sector, has transitioned to a 100% employee-owned business.The team of 10 will now co-own the organisation through an employee ownership trust. Melissa Smith, managing director and founder, will remain in the business and be part of the team until ...
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ArticleParfitt Cresswell establishes employee ownership trust
Law firm Parfitt Cresswell has become employee-owned after transferring a significant interest in the business to an employee ownership trust.Through the employee ownership trust, staff can attain an indirect beneficial interest in the business and can share in its success through the use of tax-free bonuses up to £3,600 per ...
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ArticleDelta awards 100,000 staff 10.4% of earnings through global profit share scheme
American airline Delta has awarded its more than 100,000 employees a payment worth 10.4% of their eligible earnings as part of its profit share scheme.The scheme, which was created to boost employee morale and cultivate a workplace of gratitude and teamwork, allows staff to receive their share of Delta’s 2023 ...
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ArticleBain and Gray becomes employee owned
Credit: Andrew Ogilvy PhotographyLondon-based executive support recruitment firm Bain and Gray has become an employee-owned firm by establishing an employee ownership trust (EOT).The EOT gives the organisation’s 20 employees a stake in the business, a greater say in how it is run and an annual share of its profits. Co-founders ...
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ArticleOptagon Group becomes employee owned
Credit: The Optagon GroupOptagon Group has become employee owned through an employee ownership trust model.Based in Coventry, Optagon owns and operates brands such as flat roofing materials specialist Rubber4Roofs, Roof Depot, SkyGuard and Kitbuildr. Its 50 employees now own the majority of the firm and have a meaningful stake in ...
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Supplier articleHarness the power of financially resilient employees
Resilience. It’s a great word encompassing employee wellbeing, financially, mentally, and physically. So, what exactly does it mean? During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in achieving it.Why we ...
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Case StudiesBenefits on offer at Gripple
Benefits offered by Gripple:Pension and group riskAll employees are enrolled into a non-contributory pension, with 15% employer contribution. Employees can top up using salary sacrifice arrangement.Group income protection, employer funded for all employees.Critical illness insurance, employer funded for all employees.Share schemeEmployee ownership model that awards all employees shares in the ...
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Supplier articleBreaking financial taboos with Vodafone
Vodafone prioritizes the financial wellbeing of its employees, by demonstrating a strong commitment to their overall financial health. They were highly commended for the Biggest Impact on Financial Health category at the Financial Wellbeing Impact Awards 2023. Vodafone’s dedicated team has taken on the mission of providing ...
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Article66% of full-time UK staff think contributory pensions are important
Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man.Its 2023 Non-salary benefits global survey, which polled more than 2,000 full time UK and expat workers in Singapore, Hong Kong, the United Arab Emirates (UAE) and South Africa, ...
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Supplier articleThe UK Chancellor of the Exchequer, Jeremy Hunt, delivered the government’s Autumn Statement 2023 on 22 November.
Importance of understanding the implications for businesses and individuals Being informed about the UK budget helps people make informed financial decisions, adapt to changes in the economy, and proactively manage both personal finances in response to government policies and priorities. Overview of theme of the budget: avoid ...
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ArticleTrue Fostering becomes employee-owned
Fostering, social work and adoption agency True Fostering has become an employee owned after setting up an employee ownership trust (EOT) for its workforce.True Fostering, which operates under the Centre of Excellence in Child Trauma umbrella, made the decision to transition to an EOT structure to position it as a ...
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ArticleConfessions of a benefits manager: Candid helps allocate share award budgets
I do not normally get involved in the allocation of restricted shares. All I normally do is review the percentages offered against market data. Long-term incentives are naturally quite stable, so I only need look at them every couple of years. I have been dragged in this year because we ...
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ArticleBuyer's guide to share incentive plans
What are share incentive plans?Share incentive plans (Sips) were introduced in the UK in 2000 as a type of employee share scheme aimed at helping employees, who can purchase shares or be awarded free shares in the company, to save in a tax-efficient way. By promoting employee ownership and participation, ...
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ArticleParfetts awards 4% sales growth bonus to staff
Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations.This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus.Employees at eight of Parfetts’ depots enjoyed music, ...
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ArticleThe top 10 most-read articles between 2 - 8 June 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 2 - 8 June 2023 were: Aon introduces paid carers' leaveGovernment launches consultation on employee share schemes Exclusive: Aldi Stores and Lidl GB shortlisted for Best healthcare and wellbeing benefitsNatwest Group completes acquisition of CushonExperian and HLB International among Global Most Loved ...