All Employee ownership articles – Page 2
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ArticleDelta awards 100,000 staff 10.4% of earnings through global profit share scheme
American airline Delta has awarded its more than 100,000 employees a payment worth 10.4% of their eligible earnings as part of its profit share scheme.The scheme, which was created to boost employee morale and cultivate a workplace of gratitude and teamwork, allows staff to receive their share of Delta’s 2023 ...
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ArticleBain and Gray becomes employee owned
Credit: Andrew Ogilvy PhotographyLondon-based executive support recruitment firm Bain and Gray has become an employee-owned firm by establishing an employee ownership trust (EOT).The EOT gives the organisation’s 20 employees a stake in the business, a greater say in how it is run and an annual share of its profits. Co-founders ...
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ArticleOptagon Group becomes employee owned
Credit: The Optagon GroupOptagon Group has become employee owned through an employee ownership trust model.Based in Coventry, Optagon owns and operates brands such as flat roofing materials specialist Rubber4Roofs, Roof Depot, SkyGuard and Kitbuildr. Its 50 employees now own the majority of the firm and have a meaningful stake in ...
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Supplier articleHarness the power of financially resilient employees
Resilience. It’s a great word encompassing employee wellbeing, financially, mentally, and physically. So, what exactly does it mean? During this blog, we’ll explore the topic of resilience in relation to employee financial wellbeing and the role that HR and prioritising financial wellbeing at work must play in ...
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Case StudiesBenefits on offer at Gripple
Benefits offered by Gripple:Pension and group riskAll employees are enrolled into a non-contributory pension, with 15% employer contribution. Employees can top up using salary sacrifice arrangement.Group income protection, employer funded for all employees.Critical illness insurance, employer funded for all employees.Share schemeEmployee ownership model that awards all employees shares in the ...
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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 ...