All Employee ownership articles – Page 2
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Supplier articleBreaking financial taboos with Vodafone
Vodafone prioritizes the financial wellbeing of its employees, by demonstrating a strong commitment to their overall financial health. They were highly commended for the Biggest Impact on Financial Health category at the Financial Wellbeing Impact Awards 2023. Vodafone’s dedicated team has taken on the mission of providing ...
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Article66% of full-time UK staff think contributory pensions are important
Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man.Its 2023 Non-salary benefits global survey, which polled more than 2,000 full time UK and expat workers in Singapore, Hong Kong, the United Arab Emirates (UAE) and South Africa, ...
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Supplier articleThe UK Chancellor of the Exchequer, Jeremy Hunt, delivered the government’s Autumn Statement 2023 on 22 November.
Importance of understanding the implications for businesses and individuals Being informed about the UK budget helps people make informed financial decisions, adapt to changes in the economy, and proactively manage both personal finances in response to government policies and priorities. Overview of theme of the budget: avoid ...
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ArticleTrue Fostering becomes employee-owned
Fostering, social work and adoption agency True Fostering has become an employee owned after setting up an employee ownership trust (EOT) for its workforce.True Fostering, which operates under the Centre of Excellence in Child Trauma umbrella, made the decision to transition to an EOT structure to position it as a ...
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ArticleConfessions of a benefits manager: Candid helps allocate share award budgets
I do not normally get involved in the allocation of restricted shares. All I normally do is review the percentages offered against market data. Long-term incentives are naturally quite stable, so I only need look at them every couple of years. I have been dragged in this year because we ...
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ArticleBuyer's guide to share incentive plans
What are share incentive plans?Share incentive plans (Sips) were introduced in the UK in 2000 as a type of employee share scheme aimed at helping employees, who can purchase shares or be awarded free shares in the company, to save in a tax-efficient way. By promoting employee ownership and participation, ...
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ArticleParfetts awards 4% sales growth bonus to staff
Cash and carry business Parfetts has awarded its 1,000 employees a 4% sales growth bonus as part of its Employee Ownership (EO) Day (23 June) celebrations.This is higher than the 2% bonus that employees received in 2022, along with a £500 cost-of-living bonus.Employees at eight of Parfetts’ depots enjoyed music, ...
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ArticleThe top 10 most-read articles between 2 - 8 June 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 2 - 8 June 2023 were: Aon introduces paid carers' leaveGovernment launches consultation on employee share schemes Exclusive: Aldi Stores and Lidl GB shortlisted for Best healthcare and wellbeing benefitsNatwest Group completes acquisition of CushonExperian and HLB International among Global Most Loved ...
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ArticleGovernment launches consultation on employee share schemes
The government has launched a consultation on non-discretionary tax-advantaged employee share schemes, including sharesave schemes and share incentive plans (Sips) as part of its aim to improve and increase their usage.The government is interested in hearing from stakeholders about whether the schemes are attractive to lower income earners in order ...
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ArticleSkout becomes employee owned
Cheshire-based B2B PR and communications agency Skout has become 100% employee owned through an employee ownership trust (EOT) to secure its long-term independence.The EOT now has a 100% controlling interest in the business, acting as a guardian of its values and culture, and ensuring its direction remains in employees’ best ...
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ArticleCardinal Global Logistics becomes employee owned
Manchester-headquartered logistics services business Cardinal Global Logistics has transitioned to an employee ownership model to mark 25 years in business.The business, which employs more than 400 employees, aimed to create an environment where every member of staff has the same opportunity to become a partner in its democratisation model, sharing ...
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AnalysisHow much value do employees place in holding equity in an organisation?
Interest in employee ownership and share schemes is increasing from employees.These schemes can be a great motivation and engagement tool by giving employees greater involvement in the business.The risk of demotivating employees can be mitigated by granting options in most share schemes, so if the value goes down they incur ...
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Case StudiesHorizon Platforms staff motivated by holding a stake in the business
Horizon Platforms motivates and engages employees through its profit share scheme and an employee ownership trust (EOT).The organisation, a national provider of powered access hire for cherry pickers, scissor lifts and more, currently employs 78 members of staff, which it allows to become beneficiaries of the EOT following six months' ...
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ArticlePrinciple Cleaning Services becomes majority employee owned
Principle Cleaning Services has transferred the majority of its shares to its 2,300 employees through the creation of an employee ownership trust (EOT).Founded in 1989 by executive chairman Douglas Cooke, the window cleaning business formed an EOT in order to secure its long-term future while creating an effective platform for ...
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ArticleThe top 10 most-read articles between 5 - 11 May 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 5 - 11 May 2023 were: Stella McCartney and Herbert Smith Freehills shortlisted for Best pensions strategyThomas Cook completes £900m pension buy-inPam Group launches enhanced reward packageAmazon runs Welcome Day for employees returning to Seattle officeQuarter of businesses have seen increase in ...
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ArticleHIT Training becomes majority employee owned
Training and apprenticeships provider HIT Training has become employee owned through the creation of an employee ownership trust (EOT).The EOT, which will benefit the employer’s employees across its HIT Training, Connect2Care and Executive Development Network divisions, now owns 61% of the organisation on behalf of staff.All employees are eligible to ...
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ArticleCarreg Construction transfers to employee ownership
Welsh building contractor Carreg Construction has transferred to employee ownership 20 years after its foundation in 2003.The business, which employs 21 people, was founded by Andrew and Sue Phillips. Andrew Phillips agreed to stay on as director to help guide the development of the business alongside the employee ownership trust ...
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ArticleDaimler Truck awards profit share and appreciation bonuses
Credit: T. Schneider / Shutterstock.comGerman commercial vehicle manufacturing firm Daimler Truck has awarded eligible employees a €6,300 (£5,546) profit sharing bonus and a one-off appreciation bonus of €1,000 (£880).The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German ...
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AnalysisWhat role do share schemes play in the current economic climate?
While share schemes may not solve immediate financial worries, they can help boost long-term financial stability.Aligning staff with shareholders can improve motivation and engagement, reducing absence and turnover at a time when talent is at a premium.Proper communication of both the negatives and positives will help ensure staff get the ...
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Case StudiesGlobalData uses share schemes to boost global cohesion
In August 2022, 146 employees of industry intelligence firm GlobalData benefitted from an £82 million pay-out from its share option scheme, which was originally formed in 2010 and had remained open to entrants until December 2020.In 2019 and 2021, GlobalData built on the success of its 2010 scheme, creating two ...