All Employee ownership articles – Page 11
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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 ...
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ArticleFilm studio Aardman transfers to employee ownership
Bristol-based film studio Aardman, best-known for animations Wallace and Gromit and Shaun the Sheep, has transferred into employee ownership.Founders David Sproxton and Peter Lord have transferred the majority of Aardman's shares into an employee ownership trust, which will hold the shares on behalf of the employer's 140-strong workforce. The aim ...
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ArticleComputershare acquires employee share plan administrator Equatex
Employee share plan provider Computershare has completed the acquisition of Zurich-based Equatex from Montagu Private Equity, following regulatory approval.Equatex, which has over 220 employees, provides a range of employee share plan administration services for more than 160 clients, administering around $40 billion (£31.1 billion) in assets.The organisation manages deferred equity ...
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AnalysisHow can creating employee stakeholders boost motivation?
Need to know:If organisational aims align with employees' personal goals, they will be more motivated and committed to contributing to success.Employee share plans allow staff to invest in their organisation, both financially and in terms of engagement.Personal development plans can help demonstrate to employees how their work and skill set ...
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Case StudiesThe benefits offered by CA Technologies
The benefits offered by CA Technologies:Pension and group riskDefined contribution group personal pension plan: employees contribute 3% and CA Technologies contributes 6%. Available for all employees.Income protection for 66% of employees’ income, employer-funded for all employees.Personal accident insurance at two times base salary, employer-funded for all employees.Employee share scheme.Life insurance ...
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AnalysisHow can employee share schemes support an employer’s financial wellbeing strategy?
Need to know:Employee share schemes, such as a share incentive plan (Sip) or a sharesave scheme, can help employees develop savings habits and financial confidence.Share schemes can educate staff around organisation shares and how investment works, which can align well with employers’ financial education provisions.Share plans can target employees’ medium ...
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Case StudiesJanus Henderson Investors offers share plans to aid financial wellbeing
Global asset management organisation Janus Henderson Investors has 2,000 employees, 800 of which are in the UK, and offers eight share scheme options. These include a share incentive plan (Sip), a company share option plan (Csop), a sharesave scheme, a restricted share plan, a long-term incentive plan, a deferred equity ...
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AnalysisIn numbers: The changing statistics of employee share schemes year on year
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ArticleEXCLUSIVE: Countrywide changes employee share scheme for 8,300 staff
EXCLUSIVE: Property organisation Countrywide has amended its employee share scheme provision to launch a new sharesave scheme (SAYE) for 8,300 eligible UK employees.The new scheme, which was implemented in April 2018, has replaced the organisation’s previous share incentive plan (SIP). It offers eligible employees a three-year sharesave plan that enables ...
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ArticleLloyds Banking Group and Valero Energy shortlisted for Best employee share schemes
Banking organisation Lloyds Banking Group (pictured) and fuel supplier Valero Energy have been shortlisted in the Best employee share schemes category for the Employee Benefits Awards 2018.This award celebrates employers who have implemented an effective employee share scheme for their staff.The full category shortlist is:Lloyds Banking Group, Colleague Group Ownership ...
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ArticleEXCLUSIVE: Aspen launches online financial education programme
EXCLUSIVE: Insurance and reinsurance organisation Aspen has launched an online financial education programme for its 700 UK employees.Its financial education programme, which is provided by Nudge. launched on 20 April 2018, ahead of Aspen's annual flexible benefits selection window in May. It was launched via an email campaign and through ...
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ArticleDirect Line Group to introduce new minimum salary and award free shares
Insurance organisation Direct Line Group is to introduce a new minimum salary for its 11,000 UK employees from 1 April 2018, as well as award a £500 free share to certain staff members.The new minimum salary will be set at £17,000 a year for employees contracted to work 35 hours ...
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Supplier article
Share schemes: financial education is a crucial component
Research conducted by ProShare, in partnership with YBS Share Plans, Secondsight and WEALTH at work, shows that millennials (16 to 37-year-olds) often don’t take advantage of share schemes because they think the schemes are outdated, inflexible and unaffordable.Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance ...
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Case StudiesAviva uses share schemes to retain and engage employees
Insurance organisation Aviva uses its all-employee share schemes to retain and engage its 28,000 global employees.In the UK, the organisation’s annual UK engagement survey, Voice of Aviva, compiled in September and October 2016, found that the overall engagement score for employees who participated in one of its share schemes was ...