All Employee ownership articles – Page 13
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Case StudiesThe benefits offered by Metro Bank
The workplace benefits on offer at Metro Bank include:Pension and group riskGroup personal pension plan. Contribution levels are set according to seniority, starting at 3% employee contribution and 6% employer contribution, then rising to 4% and 8%, with a maximum 5% employee and 10% employer contribution.Life assurance.Healthcare and wellbeingPrivate medical ...
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Case StudiesMetro Bank engages employees with business growth through share options
Still a fairly recent addition to the high street, Metro Bank opened its first branch in 2010 and was one of the first high-street banks to open in the UK for over 100 years.Its employee base has grown steadily year on year to reach 2,700 employees, but with rapid growth ...
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ArticleRio Tinto uses country champions to drive engagement with share scheme
Employee Benefits Connect 2017: Mining organisation Rio Tinto uses country champions to help drive engagement with its employee share scheme.Delivering the conference session ‘Driving long-term engagement through reward’ at Employee Benefits Connect 2017, John Beadle (pictured), global head of performance and reward at Rio Tinto, explained that using country champions ...
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OpinionDavid Baxter: Executive remuneration and the future of the long-term incentive plan
Many listed organisations will be putting their directors’ remuneration policy back to shareholders at the 2017 annual general meeting (AGM) for the first time since 2014. Renewal of the policy comes against a background of increasing calls for executive pay restraint and the risk of another ‘shareholder spring’ if investors ...
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ArticleEXCLUSIVE: 23% of benefits professionals hold shares in their employer
EXCLUSIVE: Less than a quarter (23%) of HR and benefits professional respondents hold shares or share options in their current employer, according to research by Employee Benefits.This figure has changed little since the Salary survey was conducted in 2009 and 2008, when 26% and 25% of respondents, respectively, received shares ...
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Analysis
13: share schemes
Less than a quarter (23%) of respondents hold shares or share options in their current employer, according to the Employee Benefits Salary survey 2017, which surveyed a total of 249 respondents in November-December 2016.This figure has changed little since the Salary survey was conducted in 2009 and 2008, when 26% ...
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ArticleJanet Cooper and Steve Webb recognised in New Year Honours List
Janet Cooper, Charles Counsell, and Steve Webb are among those in the employee benefits and pensions industry to be recognised in the New Year Honours List 2017.Janet Cooper (pictured), partner at law firm Tapestry, was appointed an Officer of the Most Excellent Order of the British Empire (OBE) for services ...
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ArticleBarclays, DS Smith and Rio Tinto recognised for employee share plans
Barclays, DS Smith and Rio Tinto are among the organisations that were recognised for their employee share plans at the 2016 Annual Proshare Awards.The awards are designed to recognise and celebrate the best organisations and individuals who implement and work in employee share plans.Indivior won the best new share plan ...
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ArticleHow the Autumn Statement 2016 will impact employee benefits
On 23 November 2016, Chancellor Philip Hammond delivered his Autumn Statement 2016 speech. Below is a round-up of the key announcements with a bearing on employee benefits:From April 2017, the government will limit the range of benefits that attract tax and employer national insurance (NI) advantages when offered through a ...
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OpinionDan Sharman: Taking employee share plans to a global workforce needs careful consideration
As part of a global benefits strategy, international organisations often want to expand their share plans to cover employees who are based overseas. Often, this is crucial to attract and retain key talent internationally and to achieve parity in remuneration packages across the global workforce.However, granting employees equity is a ...
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ArticleGovernment to abolish employee shareholder status tax advantages
Autumn Statement 2016: The tax advantages awarded under employee shareholder status (ESS) will be abolished from December 2016.The tax advantages that are linked to ESS-provided shares will be abolished for arrangements entered into on, or after, 1 December 2016, with the status itself being closed to new arrangements at the ...
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ArticleNokia and Rio Tinto are recognised for employee share schemes
Henderson Global Investors, Nokia, and Rio Tinto were among the organisations recognised for best practice in employee share schemes at the Esop Centre's Employee Share Ownership Awards 2016 on Tuesday 22 November 2016.Nokia won the award for best international all-employee share plan for its share scheme that operates across 46 ...
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Case StudiesThe benefits on offer at Goodman Masson
The workplace benefits on offer at Goodman Masson include:PensionStakeholder pension with a 1% employer and 1% employee contribution.Goodman Masson went through auto-enrolment in 2014.Group riskGroup income protection, employer-paid for some employees.Critical illness insurance, employer-paid for some employees.Healthcare and wellbeingPrivate medical insurance, voluntary basis, employee-paid.Eyecare vouchers, employer-paid for all employees.Personal accident ...
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AnalysisBuyer’s guide to share incentive plans
What is a share incentive plan?Share incentive plans (Sips) were created in 2000 as an employee share plan that could help staff save in a tax-efficient way. Employees can purchase shares or be awarded free shares.Sips have tax advantages. The monetary contributions come from an employee’s pre-tax salary, meaning that ...
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Article46% would like their employer to provide financial education
Just under half (46%) of respondents would like their employer to offer financial education support, according to research by Equiniti.Its survey of 6,700 savers and investors from Equiniti’s client base, also found that 49% of respondents feel that their employer does not do enough to support informed financial decisions on ...
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ArticleLaw firm Gateley launches employee sharesave scheme
Law firm Gateley has introduced a sharesave scheme for its employees.The sharesave scheme forms part of the organisation's growth strategy following its flotation on the Alternative Investment Market (AIM) of the London Stock Exchange in 2015.The share scheme, which launched in September 2016, was communicated to staff at Gateley’s annual ...
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ArticleClassic Motor Cars launches employee ownership trust
Classic Motor Cars (CMC) has launched an employee ownership trust.Peter Neumark, chairman of the Shropshire-based car restoration organisation, transferred his majority shareholding into a new entity, the Classic Motor Cars Employee Shareholder Trust, on 26 August 2016, passing control for the business to a trust set up for its 60 ...
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ArticleTop tips on using share schemes to engage staff with business performance
Need to know:Employee share schemes can give staff a sense of ownership and increase interest in business performance.Interest in an organisation’s wider goals and performance can have a knock-on effect on individual engagement levels.To harness these benefits, staff must first engage employees with share schemes themselves.Share schemes may not always ...
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ArticleEXCLUSIVE: 29% offer share schemes for all staff
EXCLUSIVE: More than a quarter (29%) of employer respondents offer shares or share options for all employees, according to research by Employee Benefits and Xerox HR Services.The Benefits research 2016, which surveyed 338 employer respondents, also found that 16% offer shares or share options for executive and senior-level staff.Of those ...
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ArticleTotal enhances employee shareholder proposition
Global energy organisation Total, which employs 96,000 members of staff, has made changes to its employee shareholder proposition.From 2017, employees will be given the option to purchase shares with a discount of up to 20% every year instead of every two to three years. The organisation will match the first ...