All Employee ownership articles – Page 8
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Case StudiesGripple's employee ownership model boosts engagement and retention
Gripple, a Sheffield-based manufacturer of wire joiners and suspension systems with 700 staff, has been fully employee owned since 2011, although employees were first allowed to buy shares in the business back in 1994.The organisation uses a direct ownership rather than a trust model, with governance, management and oversight managed ...
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ArticleOdey Asset Management loses incentives tax case
Hedge fund firm Odey Asset Management has lost its legal battle with HMRC in which it argued executives who were part of a partnership pay plan between 2011-12 and 2015-16 did not need to pay tax on their share options.The plan put 17 of its executives into a special purpose ...
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Supplier articleEVs and ULEVs: How employee benefits can help take petrol cars off the road
Sustainability. It’s a word we’re all hearing more of, and an issue that’s becoming more urgent with each passing year. While large corporations around the world strive to reduce their carbon footprint and make their products and materials more eco-friendly, individual Reward teams might think that they can't make a ...
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Supplier articleElectric by 2030: Why its good news for the Car Benefit Scheme
Recently the government have announced a new plan that by 2030, all new cars being sold will be electric. This is part of a plan to help improve the UK’s carbon footprint and includes a funding boost for environmental efforts.£20 million is being invested in the UK design and development ...
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Supplier articleHow the Bike to Work scheme can help boost your company’s green credentials
Staff commuting into the workplace is a big part of overall carbon emissions output for many companies.Since the pandemic hit, over 40% of us were required to work remotely and carbon emissions from the work commute were reduced.With the UK Government roadmap out of Covid now set out, businesses can ...
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ArticleBrand Opus becomes employee owned
London-headquartered creative agency, Brand Opus, has announced it has transferred to employee-owned status, following it sale of founder shares to staff in the form of an employee ownership trust (EOT).As part of the deal, the agency, which consults on branding for the likes of Carling, Kraft Heinz, and Molson Coors, ...
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ArticleHLM Architects transitions to employee ownership trust
Camden-based HLM Architects and its subsidiary Llewelyn Davies have transferred to employee-owned status with immediate effect, following the firm's successful transition to an employee ownership trust (EOT).The business, which was last year named Architecture Practice of the Year in the Building Awards 2020, now has 100% of its shareholding held ...
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ArticleSynergy Vision becomes employee-owned
Medical communications company Synergy Vision has become employee-owed, after transferring itself over to the Employee Ownership Trust (EOT).The business – which became well known for introducing a four-day week in 2018 – officially became employee-owned yesterday (2 March), after founder Ffyona Dawber signed the remaining papers transferring 87.5% of the ...
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ArticleClifford Devlin launches employee ownership trust
Demolition firm Clifford Devlin has announced it has become employee owned, after 100% of company shares were transferred into an Employee Ownership Trust (EOT).The interests of the London-based business, run by the second generation of founders, will now be looked after by the EOT.The company, which celebrates its 60th anniversary ...
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ArticleAstraZeneca boss and staff to receive same pay rises
Pascal Soirot, CEO of pharmaceutical giant AstraZeneca, will receive the same 3% pay rise as the rest of his staff.Despite the company's ongoing success, including seeing its share price jump by 11% after the World Health Organization approved its Covid-19 (Coronavirus) vaccine, the boss’s base salary will increase from £1.29 ...
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ArticleEXCLUSIVE: Inpulse launches employee ownership trust
EXCLUSIVE: Inpulse, the employee engagement firm, has become employee owned, with 75% of shares being given to employees.The move sees the ten-employee strong business transfer three-quarters of its shares to staff through an employee ownership trust (EOT). The trust appoints one of its own trustees to look after the business, ...
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ArticleBank of America rolls out thank-you awards
A Bank of America memo has revealed staff at the organisation received enhanced pay and shares perks as a thank-you for their efforts during 2020.Coming on the back of its full-year financial results, chairman and chief executive Brian Moynihan told staff: “Teammates were called upon to address unprecedented challenges." He ...
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ArticleDr Martens bosses to share £350m bonus pot
Shoe retailer Dr Martens has launched a stock market floatation that is expected to net the chief executive and senior employees a share of £350 million, with regular employees also in the frame to benefit from the shares issued.The investment prospectus – published yesterday – sees the company valued at ...
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ArticleTaylor Guitars becomes employee owned
Guitar manufacturer Taylor Guitars is now 100% employee-owned following the introduction of its employee stock ownership plan (Esop).More than 750 employees will be able to control shares within the business. Its new ownership structure will support the continued established leadership, enabling the organisation to remain independent and preserve culture.The news ...
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ArticleEXCLUSIVE: Personal Group awards shares to 250 employees
EXCLUSIVE: Employee benefits provider Personal Group has awarded its 250 employees free shares worth £500 under its new share incentive plan (sip).The share reward is to recognise employees for their hard work during the Covid-19 (Coronavirus) pandemic. Effective from 1 December 2020, employees who have joined the organisation before June ...
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ArticleSafer Sphere introduces employee benefit trust
National construction organisation and safety specialist Safer Sphere has given its employees part-ownership of the business through an employee benefit trust (EBT).Following the transition, 49% of Safer Sphere's shares will be held in the EBT, to give employees the opportunity to control shares in the business. The organisation made the ...
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Supplier articleCaboodle partner with Halfords to launch new salary sacrifice scheme MotorSave
Caboodle Technology have teamed up with motoring specialists Halfords to introduce brand-new salary sacrifice employee benefit scheme MotorSave.Through MotorSave, employees can spread the cost of their car MOT, service, tyre replacements or repairs over a 12-month period through a salary sacrifice agreement, where the cost is deducted from their gross ...
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ArticleClaremont launches employee ownership trust
Image credit: ClaremontInterior design organisation Claremont has given its employees part-ownership of the business through an employee ownership trust (EOT).Following the transition, 50.1% of Claremont's shares will be held in the EOT, to give employees with more than a year's service the opportunity to control shares in the business. The ...
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Supplier articleCustomer loyalty Schemes in a new world: What Covid-19 has taught us
So far, 2020 has been one of the toughest years in memory for retailers and businesses who rely on consistent consumer interaction and sales. The reason, obviously, is due to the global Coronavirus pandemic that has impacted all our lives. It has changed the way we live, work and socialise ...
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ArticleVeolia introduces share scheme for 140,000 employees
French environmental services organisation Veolia has introduced a new share scheme for its 140,000 employees.Employees will be able to opt in to buy shares, based on the average share price on the French stock exchange set on 5 November 2020, minus an employee 20% discount and rounded up to the ...