All Employee ownership articles – Page 10
-
Case StudiesStarling Bank motivates staff using an employee share scheme
Digital, mobile-only financial organisation Starling Bank motivates and rewards its 800 employees by awarding them shares in the business through a share incentive plan (Sip). All employees based in its London, Southampton, Cardiff and Dublin offices have been allocated an equal conditional share award, regardless of seniority or role, as ...
-
AnalysisHow can employers make share schemes attractive in the current climate?
Need to know: Organisations need to find the right share scheme that suits their business needs. Offering employee share schemes in place of bonuses or alongside pay reductions can soften the blow and may avoid the need for redundancies in some instances. Employee share schemes can be confusing. Offering financial ...
-
ArticleEXCLUSIVE: 25% of employers offer share schemes to employees
A quarter (25%) of respondents offer shares or share schemes to staff, while 14% do so purely for executive or senior employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that more than half (59%) did not offer this benefits, while just 2% say ...
-
OpinionNicholas Stretch: How are all-employee share plans faring as a benefit in the current crisis?
The two widely used share plans in the UK are sharesave (SAYE) and the share incentive plan (Sip). They, like most employee benefits at the moment, are under real pressure from companies and their participants to show value for money, appeal and flexibility. After all, while employee share plans are ...
-
ArticleWoolworths Group rewards 100,000 employees with shares
Australian retailer Woolworths Group is giving 100,000 employees in Australia and New Zealand group shares to reward them for their efforts during the Covid-19 (Coronavirus) pandemic.Full-time employees that were employed by the organisation before 1 March 2020, and who do not already participate in its short-term incentive schemes, will receive ...
-
ArticleMcGee launches employee ownership trust
Engineering business McGee has become an employee-owned organisation through an employee ownership trust (EOT).The move means McGee's 350 employees now have a responsibility in controlling shares within the business.Recognising employees has been a core value of McGee, so transitioning to employee ownership was seen as a natural next step.Tom McGee, ...
-
ArticleDaily Mail and General Trust offers 2,400 employees shares to avoid pay cuts
Daily Mail and General Trust (DMGT,) parent organisation to DMG Media, has offered 2,400 employees shares within the business.The senior management team is offering this alternative approach to employees working within its group of businesses including Daily Mail, Metro, and MailOnline, to avoid making redundancies or furloughing employeesEmployees earning £40,000 ...
-
OpinionMalcolm Hurlston: Share schemes must present attractive returns to engage younger employees
If early assessments of Generation Z are on the money, they will be like chalk to the Millennial cheese, leaving employers with the most interesting communications challenge they have ever faced with young people.Gen Z appear to be old before their time, the first generation ever to be thinking about ...
-
OpinionZoe Denny-Thomas: Engaging younger staff with share plans should be a key goal
Engaging the different generations in the workplace is always a hot topic, and there is increasing evidence that take-up of share plans among younger employees is disproportionately lower than their older colleagues. However, this is not necessarily a sign of disengagement with their employer. In 2017, Proshare produced a report, ...
-
AnalysisHow can employers engage younger employees with share schemes?
Need to know:With job-hopping becoming the norm, share scheme models may have to adapt to provide earlier payments to more immediately engage younger employees.Clear and constant communication is needed to ensure staff have bought into the scheme, and in turn, the objectives of the business.Share schemes can be an active ...
-
ArticleGovernment to launch review of enterprise management incentive scheme
Budget 2020: Chancellor of the Exchequer Rishi Sunak announced on 11 March 2020 that the government will launch a review into enterprise management incentives scheme (EMI).The EMI scheme is a tax-advantaged share option scheme designed for smaller businesses, enabling them to reward staff with equity participation. The review will aim ...
-
ArticleJohn Lewis Partnership employees receive 2% profit-sharing bonus
Retail organisation John Lewis Partnership is awarding a 2% bonus to its 83,000 employees, as a result of its 2019/2020 profits.The payout, which is due to the organisation's profit-sharing scheme and was announced to employees today (5 March 2020), paid employees 3% of their salaries in 2018/19; the dip this ...
-
Case StudiesBarratt Developments uses benefits package to attract and retain talent
One of the most significant challenges for housebuilding organisation Barratt Developments is attracting and retaining talented people against the backdrop of a major skills crisis in the construction industry.Influenced by the government’s commitment to build 300,000 new homes every year, an ageing workforce, and a lack of younger skilled employees ...
-
ArticleKwalee's profit-sharing scheme has paid £1 million to 73 staff since 2018
Mobile gaming organisation Kwalee has, as of the end of January 2020, reached £1 million profit-sharing payouts to its 73 employees.Kwalee's profit-sharing scheme was introduced in October 2018, allowing all employees to receive a base percentage of Kwalee's profits every three months, most recently in January 2020. In total, the ...
-
AnalysisHow to ensure employees share in business success
Need to know:Involving employees in the growth and success of a business not only affects the bottom line, but can build engagement and loyalty, forming the basis of a positive culture.Share schemes and employee ownership models are one method of aligning employees directly with business results.Recognition schemes can also encourage ...
-
Case StudiesAussie Man and Van uses share schemes to engage employees with business growth
London-based removals firm Aussie Man and Van has been running a share scheme since 2004. At present, 30 members of staff are either shareholders or option-holders, representing 70% total equity.Charles Rickards, finance and marketing director at Aussie Man and Van, says: “We think involving key members of the business in ...
-
ArticleSouthwest Airlines profit-sharing scheme pays out for 60,000 employees
60,000 employees at Southwest Airlines will be awarded a cumulative 12.2% of $667 million (£513 million), due to the organisation's profit-sharing scheme. All Southwest Airlines staff who were employed on or after 1 January 2019 have been automatically included in the organisation's profit-sharing plan, through which they are eligible to ...
-
ArticleDaimler rewards 130,000 employees in Germany with profit-sharing bonus
Automotive manufacturer Daimler is rewarding 130,000 members of staff based in Germany with a one-time bonus, based on its latest financial year results and to recognise employees' hard work during 2019. Employees who have enrolled in the organisation's profit-sharing scheme will receive a bonus of up to €597 (£501) with ...
-
ArticleStarling Bank awards shares to engage 800 employees with business success
UK digital banking organisation Starling Bank is awarding shares to all 800 employees following a successful investment from several investors, with a goal of allowing staff to benefit directly from business success. The organisation has raised £60 million from its existing investors, Merian Global Investors and JTC, which will bring ...
-
ArticleBluefruit Software launches employee ownership trust
Cornwall-based technology organisation Bluefruit Software has given its 75 employees 51% ownership of the business, using an employee ownership trust (EOT). The transition was completed in December 2019, following which staff with three months tenure at the business received a tax-free bonus of up to £1,200 each. The transition process, ...