All Employee ownership articles – Page 16
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ArticlePrice Bailey awards staff free shares
Accountancy firm Price Bailey is to award its 300 employees with 2,500 shares each in the organisation. All employees that have worked at Price Bailey for more than a year will be eligible for the scheme, irrespective of their grade. They will receive shares valued at around £250.The value of ...
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ArticlePostcode Anywhere becomes employee owned
EXCLUSIVE: Postcode Anywhere has launched an employee ownership trust.The Worcester-based software business is now 100% owned by its employees following its two founders, Jamie Turner and Guy Mucklow (both pictured) implementing an enterprise management incentive scheme (EMI) to give all Postcode Anywhere employees the opportunity to own a share of ...
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ArticleAgilisys launches employee ownership trust
IT and business services firm Agilisys has launched an employee ownership trust. Through the trust, Agilisys’ 1,800 staff now own a majority shareholding (50%) in the firm.The move forms part of Agilisys’ plans to evolve the business.Employees in an employee-ownership trust organisation can receive income tax free bonuses of up ...
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ArticleStaff save £122.94 a month through share schemes
More than 1.4 million UK employees are now saving an average of £122.94 a month by investing in the oranisation they work for through share schemes, according to a study from IFS Proshare. Data from its annual Sharesave (SAYE) and share incentive plan (Sip) survey reveals that these figures are ...
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ArticleEmployers failing to correctly register share plans online
Some employers are failing to correctly register their share scheme plans using HM Revenue and Custom’s (HMRC) new online services.Examples of incorrect share scheme registrations, which must be done by 6 July or else schemes risk losing their tax advantages, include registering a plan under the wrong scheme type and ...
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ArticleTibbalds increases employee ownership to 60%
Tibbalds Planning and Urban Design has increased employee ownership to 60%.The independent planning, urban design and architecture consultancy introduced majority employee ownership earlier this month when its employee ownership trust (EOT) bought shares from the organisation’s four founders: Hilary Satchwell, Jane Dann, Jennifer Ross and Sue Rowlands.The move is part ...
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ArticleRoyal Mail staff to receive £50 million worth of shares
Royal Mail employees are to receive £50 million worth of free shares, business secretary Sajid Javid announced today.Its 1,500 members of staff already own 10% of the organisation.Javid said: “Employees currently comprise an important part of Royal Mail’s shareholder base. I believe there is merit in rewarding the employees of ...
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ArticleBT awards 1,000 staff under long-term incentive plan
BT Group has awarded more than 1,000 employees under a long-term incentive plan. The telecoms group paid out around 16.7 million worth of shares at £4.69 each, which took the payout across eligible staff to around £78 million.The awards were given based on performance over a three-year period from 2012, ...
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Analysis
13: Share schemes in numbers
7,000: Admiral employees will each receive £3,000 worth of free shares into the insurance provider’s share incentive plan (Sip): bit.ly/18uDCXu100%: Architectural visualisation studio organisation Hayes Davidson is now 100% owned by its employees: bit.ly/1DTjGdc17 years: Hundreds of Roadchef employees are to receive a payout after settling a 17-year dispute over ...
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Article63% of European staff satisfied with long-term incentive plan
Just under two-thirds (63%) of European employee respondents are highly satisfied with their long-term incentive plan (L-tip), compared to 42% in North America and 59% in the rest of the world, according to research by the Global Equity Organisation (GEO).Its Global equity insight 2015 report, which surveyed 144 organisations in ...
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AnalysisHow to boost share plan take-up
If you read nothing else, read this:Last April, the government increased sharesave and share incentive plan (Sip) savings limits from £250 to £500 per month for sharesave and from £125 to £150 for Sips.Organisations with Sips are entitled to employer national insurance contribution (NIC) savings and employers are also required ...
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Case StudiesAsda boosts sharesave take-up
Simon Bell, senior reward manager at the supermarket behemoth, explains: “Our sharesave scheme plays a key part of our reward strategy and we openly encourage participation throughout our organisation from hourly-paid and salaried colleagues to board members.”Before designing its 2014 sharesave campaign, Asda carried out face-to-face research with a broad ...
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ArticleIFS Proshare appoints new head
Gabbi Stopp has been appointed the new head of IFS Proshare. She succeeds Alan Scott, who has held the position in an interim capacity since August 2014, pending the appointment of a long-term successor.Stopp will join the employee share scheme industry body on 7 April.Her previous positions include account director ...
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ArticleAldermore awards staff £1,000 share bonus
Aldermore has granted each of its 875 employees up to £1,000 in free shares following its initial public offering (IPO) on the London Stock Exchange. The bank, which lends to individuals and small- and medium-sized businesses (SMEs), offered staff £200 worth of shares for every year that they have worked ...
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ArticleAdmiral staff to receive £3,000 worth of shares
More than 7,000 Admiral employees will each receive £3,000 worth of free shares into the insurance provider’s share incentive plan (Sip).According to the organisaiton’s Annual results 2014 report, this will cost some £8.6 million should all staff remain eligible for the scheme.This is an increase from the £7.6 million spent ...
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AnalysisHow much do staff say they know about the share plan they participate in?
Source: The human and organisational impact of employee share ownership, by Dr David McConville, Alison Smith and John Arnold, (Sept 2012).
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ArticleWhitbread staff share £10m in sharesave payout
More than 1,000 Whitbread employees are to share £10 million following the maturity of the organisation’s three-year and five-year sharesave schemes on 2 February The employees, who work for brands including Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, saved between £10 and £500 a month into the schemes.Staff members ...
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ArticleTalkTalk increases share scheme take up
EXCLUSIVE: TalkTalk has increased take up of its employee share plans for 2014.The telecommunications organisation introduced its sharesave scheme, provided by Equiniti in 2010. It has launched a new plan every year since offering both a three and five-year scheme.Prior to the launch of this year’s schemes, some 55% of ...
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AnalysisThe impact of share ownership on company productivity
If you read nothing else, read this…Research suggests that employers with significant employee ownership tend to have higher productivity.Staff productivity appears to be higher where employee ownership is part of a wider employee engagement programme. The tax status of a share scheme has little impact on employee productivity. Productivity in ...
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ArticleBT, Asda, Saga, Sky and TalkTalk awarded for share plans
BT, Saga, Asda and TalkTalk were among the employers awarded for their employee share plans at the IFS Proshare Awards 2014 on 26 November.All winners were commended for their contribution to fostering employee share ownership.Saga won the award for best new share plan, while BT was awarded for their effective ...