All Employee ownership articles – Page 13
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ArticleAviva and Deutsche Telekom Services Europe shortlisted for employee share schemes
Insurance organisation Aviva (pictured) and telecommunications organisation Deutsche Telekom Services Europe have been shortlisted in the best employee share schemes category at the Employee Benefits Awards 2017.This award celebrates employers who have implemented an effective employee share scheme for their staff.The full category shortlist is:Aviva, Aviva SAYE Scheme 2016, Aviva ...
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Article39% believe the Lifetime Isa will cause confusion among staff
Over a third (39%) of employer respondents believe the introduction of the Lifetime individual savings account (Lisa) will cause confusion for employees looking to save, according to research by Close Brothers Asset Management.Its Business barometer report, which surveyed 900 UK employers, also found that 20% of respondents plan to respond ...
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Case StudiesThe benefits offered by Holiday Extras
The workplace benefits on offer at Holiday Extras include:Pension:Group personal pension (GPP) plan, with 3% employee contribution. Employer contributes 3% for the majority of staff and 11% for directors and associate directors. Employees can contribute via salary sacrifice. All employees are eligible after they have passed probation, but must opt ...
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ArticleGousto awards share options to staff to mark anniversary
Recipe box organisation Gousto is offering its 200 UK-based employees one-off share options to mark its fifth anniversary.The share options are available to employees of all levels across the organisation's London and Spalding offices and factory. Employees must have at least six-months' service prior to January 2017 to be eligible ...
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ArticleJLL engages staff with sharesave scheme through digital communications
Professional services firm JLL is moving away from paper-based means of communicating its share schemes to online methods to better reflect the ways its employees carry out the majority of their work and personal transactions.With 4,000 employees across four divisions, JLL currently has 1,000 members saving into a three-year sharesave ...
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OpinionMalcolm Hurlston: Employee endorsement of share plans is invaluable
Life is a busy place and our attention is at a premium as we are assailed by nudges prompts and messages, virtual and real. It is the same for employees only more so: share plans account for a fraction of what interests them.Yet from an organisation's point of view, other ...
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ArticleHow to effectively communicate share schemes
Need to know:Employers need to find out what communication methods are preferred by their workforce.Digital communications continue to be popular, and augmented reality is now also being used to promote and engage employees with share schemes.More employers are supporting employees with financial education around share schemes.The communication methods used in ...
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ArticleLush to pay all permanent UK staff the voluntary living wage
Cosmetic retail organisation Lush is to pay all of its permanent employees in the UK, including retail and manufacturing staff, the voluntary living wage from April 2017.The commitment to the living wage will result in a pay increase for 3,555 employees, who will see their hourly rate of pay rise ...
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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 ...