All Employee ownership articles – Page 15
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OpinionRaoul Parekh and Anne Croft: What could Brexit mean for share schemes?
Much of the Brexit debate has centred on whether leaving the EU will allow the UK to reduce the burden of business regulation. But what does this mean for employee share schemes?The mainstream press has been full of arguments about what Brexit might mean for employment law, with a contrast ...
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ArticleChobani CEO gives shares to 2,000 staff
Hamdi Ulukaya, founder and chief executive officer at US-based Greek yoghurt manufacturer Chobani, has given employees a stake in the organisation.Some 2,000 full-time employees have been awarded shares, which will be worth up to 10% of the food production firm’s value at the point of the organisation’s sale or in ...
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ArticleWimberly Allison Tong and Goo launches employee ownership trust
US organisation Wimberly Allison Tong and Goo (WATG) has launched an employee ownership trust.The design consultancy, which employs 360 staff across the US and international locations, including London, Istanbul, Dubai, Singapore, and Shanghai, has adopted the employee ownership model with the aim of supporting its future growth.WATG was advised by ...
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OpinionStephen Chater: Share schemes offer significant tax incentives
Typically, an organisation’s choice of employee share scheme will depend on the degree of employee share ownership that it wishes to introduce. One employer might want only key people to own shares, whereas another might prefer all employees to become part-owners of the business by introducing an all-employee share scheme.Various ...
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Case StudiesPCA Predict offers share scheme to motivate staff
PCA Predict provides address validation technology used on e-commerce sites, for customers that include Tesco, Dow Jones, and Disney. The organisation, which has offices in Worcester and New York, and employs over 55 members of staff, offers an enterprise management incentive (EMI) scheme.The EMI scheme was chosen as a way ...
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AnalysisHow to identify the best type of share plan for an organisation
Need to know:Employers need to choose the employee share scheme that matches their business objectives and the interest and eligibility of those they hope will sign up to it.The number of new shares that can be issued under employee share plans will have a limit, so employers should ensure the ...
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ArticleGovernment limits capital gains exemptions for employee shareholder status
Budget 2016: The government is imposing an individual lifetime limit of £100,000 on gains eligible for capital gains tax exemption through employee shareholder status.This will apply to employee shareholder status arrangements entered into from 17 March 2016. It will not apply to existing arrangements.The limit was announced by Chancellor George ...
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ArticleAdmiral Group rewards employees with free shares
Admiral Group has given each of it 8,000 employees £3,600-worth of free shares through its employee share scheme.The motor insurance firm rewarded its staff with the free shares after achieving a record profit before tax of £377 million in 2015, 6% higher than in 2014.The employee share scheme has been ...
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OpinionLynette Jacobs: Employers need to determine their objectives in extending a share plan internationally
Extending a share plan internationally is no longer an exception and the considerations for a small organisation extending participation into three jurisdictions and a multinational group operating a plan in 80 countries will be the same.The employer should first determine its objectives in extending the plan overseas, typically to strengthen ...
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Case StudiesEvraz offers share plan to Russian employees
Steel, mining and vanadium business Evraz offers employee share plans to its 105,000 employees in Russia, Ukraine, the US, Canada, the Czech Republic, Italy, South Africa and Kazakhstan.In Russia, the organisation has offered a long-term incentive plan (L-tip), administered by Computershare, since 2012. Employees are able to access details of ...
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AnalysisHow to offer a share scheme internationally
Need to know:Any employer looking to roll out a share scheme internationally will need to conduct a thorough analysis and overview of the legal and tax regulations of the country it is looking to expand into.Some countries may have a more advanced savings culture than others or different economic ...
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Article
6: Tax and legislation: How will the Autumn Statement affect workplace benefits?
Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...
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ArticleBT, Asda and Holiday Extras awarded for employee share plans
Asda, BT and Holiday Extras are among the organisations recognised for their employee share plans at the 2015 IFS Proshare Awards.The awards recognise outstanding and innovative workplace share schemes that have bolstered employee participation in the past year.Asda was recognised for its effective use of technology, while BT was awarded ...
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ArticleThe Autumn Statement’s impact on employee benefits
On 25 November, chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review. Below is a summary of all the key announcements impacting employee benefits:Osborne announced that the next two phases of minimum pension contribution rate increases under auto-enrolment will be pushed back to coincide with the tax year.The ...
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ArticleShare scheme tax rules to be simplified
Autumn Statement 2015: The Finance Bill 2016 will introduce measures to simplify the tax rules for employee share schemes.These technical changes will streamline and simplify aspects of the tax rules for tax-advantaged and non-tax-advantaged employee share schemes. The move is aimed at providing more consistency, including putting beyond doubt the ...
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ArticleAsda increases share plan take up by 45%
The number of employees taking part in Asda’s share plan has increased by 45% over the last five years.There were 26,212 members of staff enrolled in the share plan in 2010, which had increased to 38,100 at the end of August 2015.The employer boosted take-up in the scheme, which is ...
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ArticleOrchard Media and Events Group launches share scheme for staff
Orchard Media and Events Group has a launched a share scheme to offer its 40 members of staff a stake in the business.The organisation worked alongside accountancy firms Macey Owen and Broomfield and Alexander, as well as Capital Law, to introduce an enterprise management incentives (EMI) scheme.Matt Wordley, chief operating ...
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Article
Telefonica and Royal Dutch Shell awarded for employee share ownership
Amadeus IT Holdings, Royal Dutch Shell and Telefonica were among the winners at the 2015 Employee Share Ownership (Esop) Centre awards for best employee share ownership plans.The awards recognise outstanding employee approaches to employee share ownership, including communication, staff engagement, and implementation of share ownership schemes, as well as workplace ...
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Article
Share schemes
The latest analysis, news, case studies and opinion in relation to share schemes, covering areas such as sharesave schemes and share incentive plans (SIPs).
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ArticleHome Retail Group boosts share scheme uptake
EXCLUSIVE: Home Retail Group, which owns retailers Argos (pictured), Habitat and Homebase, has boosted engagement with its employee sharesave scheme by increasing its communications around the benefit.After receiving feedback from its employees, gathered through feedback questionnaires at the point at which staff are invited to join the scheme, Home Retail ...