All Employee ownership articles – Page 11
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ArticleDelta Air Lines pays out $1.6 billion in profit sharing to 90,000 employees
Air travel organisation Delta Air Lines is awarding its 90,000 employees with a cash bonus equivalent to two months' pay, following the strong business performance in 2019.Employees will receive the bonus through the organisation's profit sharing scheme, which is open to all global staff who are full-time, part-time or ready ...
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ArticleEmperor staff to own 67% stake under new employee-ownership model
Creative consultancy Emperor is transitioning to employee ownership through an employee ownership trust (EOT), affecting 200 employees in six locations across the UK and the Middle East.The move, announced on 21 January 2020, is part of the organisation's aim to become sustainable and people-focused, by directly involving employees in business ...
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ArticlePerega becomes employee-owned as part of corporate rebrand
Civil and structural engineering consultancy Perega has become employee-owned, after rebranding and changing its name from Thomasons as part of a move to overhaul its corporate brand identity, which includes strengthening its focus on employees and clients.Perega announced on 18 October 2019 that it had to an employee ownership trust ...
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ArticleTravel and Transport extends employee stock ownership plan to 160 UK employees
Employee-owned global travel management organisation Travel and Transport has extended its employee stock ownership plan (Esop) to its 160 UK employees, in recognition of the business' 73rd birthday.The Esop, which enables staff to acquire shares in the organisation, has been designed to mirror the profit-sharing plan that Travel and Transport ...
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ArticleFour-fifths of UK employees cite salary as important for their happiness at work
Around four-fifths (86%) of UK employees cite salary as the most important factor contributing to their happiness at work, according to research by Capita.The state of IT: The employee verdict, a report which surveyed 2,000 UK professionals who use a computer to access data and applications, also found that 75% ...
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Case Studies2Excel Aviation uses employee ownership trust to motivate employees
Aviation solutions business 2Excel Aviation was founded in 2005, when it comprised five people working on four aircraft. Since then, the organisation has grown to house approximately 170 members of staff across numerous sites, serving diverse sectors that include defence, agriculture, events and travel.In April 2018, following this period of ...
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AnalysisWhat value do employee ownership trusts bring to an organisation?
Need to know:Employee ownership trusts (EOTs) are an indirect form of ownership whereby the majority shares of an organisation are held in a trust on behalf of staff.Organisations controlled by an EOT are able to provide a tax-free cash bonus of up to £3,600 per employee per year.Moving to an ...
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OpinionBen Watson: The rise of the employee ownership model
Employee-owned businesses are relatively uncommon in the UK, but with several household names now embracing the concept, could there be reinforcements to the upward trend we have been seeing these last few years?There are many reasons why a business might consider employee ownership, such as creating too much competition for ...
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ArticleAsda employees receive £62 million through employee share scheme
Employees at supermarket retailer Asda have received a return from the organisation’s sharesave scheme, totalling £62 million. This affects approximately 25,000 members of staff. Sharesave schemes allow eligible employees to save directly from their salary over a set number of years, at the end of which they can either take ...
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Case StudiesCGI UK uses share purchase scheme to engage employees
Information technology organisation CGI UK uses an employee share purchase scheme to engage and motivate its 6,000 UK-based employees, creating an organisational culture of ownership and belonging.The share plan has been a facet of the global benefits package since the organisation was founded around 42 years ago, and was introduced ...
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Case StudiesThe benefits offered by CGI UK
The benefits offered by CGI UK:Pensions, pay and group riskA contract-based group personal pension (GPP), defined contribution (DC) scheme is used for auto-enrolment when employees reach two months of service. Minimum contributions are 9%, with at least 3% contributed by employees and 6% provided by CGI UK. This increases depending ...
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Case StudiesEuropcar Mobility Group uses share scheme to invest employees in business goals
Europcar Mobility Group houses 12,000 employees globally, with 2,400 in the UK alone. Having gone through a period of rapid growth following various acquisitions, the organisation decided to give employees the opportunity to benefit from the transformation and success it was working towards.In May 2019, the employer launched its new ...
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ArticleEXCLUSIVE: A quarter provide shares or share options to staff
EXCLUSIVE: Since 2018, there has been little change when it comes to the proportion of respondents that offer shares or share options to staff, according to research by Employee Benefits.The Benefits research 2019, which canvassed the views of 290 HR professionals and was published in May 2019, found that 25% ...
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ArticleCalifornia-based cannabis organisation boosts pay and benefits for delivery drivers
Something for the weekend: California-based cannabis organisation Caliva has boosted the pay and employee benefits for its delivery drivers, offering up to $16 (£12.62) an hour and a 401K pension scheme.Caliva, which grows its own cannabis to use in a range of consumer products, available in shops or online, has ...
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ArticleTwo-fifths are most interested in receiving paid annual leave as employee benefit
Two-fifths (44%) of employee respondents are most interested to receive between 22 and 35 days of paid annual leave as an employee benefit, according to research by insurance organisation Aviva.Its survey of 2,011 UK employees and 502 managers with recruitment responsibilities further found that other workplace benefits staff are most ...
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ArticleBT Group adopts employee ownership model for 100,000 staff
Telecommunications organisation BT Group (BT) has launched an employee ownership scheme for its 100,000 worldwide employees, aiming to boost employee engagement and improve customer service.The new 'yourshare' scheme will amount to approximately £50 million a year for BT’s global employees; this includes an initial award value of £500 per staff ...
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ArticleEXCLUSIVE: The Gym Group sees employees save £100,000 through retail discounts platform
EXCLUSIVE: Employees at no-contract gym provider The Gym Group have saved £100,000 since April 2016 by using the organisation’s retail discounts platform.The Gym Group, which has 700 employees, introduced the platform in April 2016 as part of a three-year deal with employee experience organisation Perkbox.Providing access to retail discounts, offers ...
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Case StudiesAdmiral Group supports employees financially to lower stress and boost performance
Insurer Admiral Group has approximately 7,500 employees, predominantly based in Cardiff and working in roles ranging from customer service through to technical support. It has a relatively young workforce, with an average age in the early 30s, roughly equally split between men and women.The organisation bases its benefits strategy around ...
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ArticleConfessions of a benefits manager: Candid seeks financial support at work
I’ve decided to do something about financial support at work and financial wellbeing in general. Not just my own; you only have to look around the office to see how stressed out and worried everyone is. It’s hard to know if they are lying awake at night over their mortgage, ...
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ArticleHodge Jones and Allen launches employee ownership trust
Law organisation Hodge Jones and Allen (HJA) has transferred to an employee ownership trust (EOT).Sole remaining founding partner Patrick Allen said he decided to create the EOT so that the solicitors' ethos of helping people would continue and all of the staff could benefit.The move is apart of a succession ...