Barclays, Ericsson and Pearson among winners at the Employee Share Ownership awards

Barclays, Ericcson and Pearson were among the winners at the Employee Share Ownership Awards 2011.

In the category of organisations with 1,500 employees, Barclays, Ericsson and Pearson were the top winners.

Barclays was commended for its Global Sharepurchase scheme, which allows employees to buy shares of up to £1,500 per year in value, or 10% of salary, and to obtain matching shares of up to £600 or equivalent in local currency.

Ericsson’s plan, provided by Computershare, operates in more than 100 countries. It has 22,000 participants out of 83,000 eligible employees. Employees can save up to 7.5% of their gross salary to purchase Ericsson shares. A matching share ratio is then used if shares are retained for three years or more.

Pearson’s all-employee share scheme, provided by Equiniti, has 17,400 eligible employees in 87 countries. The plan communications were brought into line with a company-rebranding scheme that also came into effect in 2011.

In the category of organisations with less than 1,500 employees, the winners were Innospec and Telecity Group.

Innospec rolled out an all-employee global share scheme in 2010. The scheme, provided by YBS Share Plans, is available for all permanent employees, and operates in 17 countries.. Since launch, it has had a 75% take-up rate in the UK, 47% in the US, 30% in Europe, the Middle East and Asia (EMEA), and 77% in Asia Pacific.

Telecity Group re-launched its sharesave scheme in March 2011. The scheme, provided by Capita, is available to 450 employees across six European countries.

Read more articles on all-employee share schemes