News – Page 7
-
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 ...
-
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, ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
ArticleL’Oreal launches second employee share ownership scheme for 88,000 employees
French cosmetics organisation L’Oreal has launched its second employee share ownership scheme.Following on from the success of its first share scheme in 2018, 88,000 global employees in 57 locations, including France and the UK, will be able to opt in to buy shares in its latest share ownership plan.Employees are ...
-
ArticleDamia Group launches employee ownership trust
International recruitment firm Damia Group is now 100% employee owned, following on from introducing an Employee Ownership Trust (EOT).The 15 employees at Damia Group now control 100% of the shares within the business that is headquartered in Guildford and has offices in Edinburgh and Portugal.The business established the EOT to ...
-
ArticleBrands2Life launches employee ownership trust
Communications agency Brands2life has given its 140 employees part-ownership of the business, using an employee ownership trust.The transition, which was completed in August 2020, will give employees who have worked at the business for more than three months, the opportunity to control shares within the business.Brands2life implemented the employee ownership ...
-
ArticleAdmiral awards shares worth £1,800 to 10,000 employees
Financial services organisation Admiral Group is giving its 10,000 employees shares worth up to £1,800, under its share incentive plan.Since January 2020, the business has seen a continuous growth in revenue, and it is rewarding its employees with the shares that will be placed in Trust by the end of ...
-
ArticleAO World introduces profit share scheme for 3,000 staff
Online retailer AO World is to introduce a profit share scheme for its 3,000 employees.The incentive, which is set to be implemented during the 2020/21 financial year and has been named the Value Creation Plan (VCP), will give employees the opportunity to receive an extra payment, if any value is ...
-
ArticleEXCLUSIVE: 25% of employers offer share schemes to employees
A quarter (25%) of respondents offer shares or share schemes to staff, while 14% do so purely for executive or senior employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that more than half (59%) did not offer this benefits, while just 2% say ...
-
ArticleWoolworths Group rewards 100,000 employees with shares
Australian retailer Woolworths Group is giving 100,000 employees in Australia and New Zealand group shares to reward them for their efforts during the Covid-19 (Coronavirus) pandemic.Full-time employees that were employed by the organisation before 1 March 2020, and who do not already participate in its short-term incentive schemes, will receive ...
-
ArticleMcGee launches employee ownership trust
Engineering business McGee has become an employee-owned organisation through an employee ownership trust (EOT).The move means McGee's 350 employees now have a responsibility in controlling shares within the business.Recognising employees has been a core value of McGee, so transitioning to employee ownership was seen as a natural next step.Tom McGee, ...
-
ArticleDaily Mail and General Trust offers 2,400 employees shares to avoid pay cuts
Daily Mail and General Trust (DMGT,) parent organisation to DMG Media, has offered 2,400 employees shares within the business.The senior management team is offering this alternative approach to employees working within its group of businesses including Daily Mail, Metro, and MailOnline, to avoid making redundancies or furloughing employeesEmployees earning £40,000 ...
-
ArticleGovernment to launch review of enterprise management incentive scheme
Budget 2020: Chancellor of the Exchequer Rishi Sunak announced on 11 March 2020 that the government will launch a review into enterprise management incentives scheme (EMI).The EMI scheme is a tax-advantaged share option scheme designed for smaller businesses, enabling them to reward staff with equity participation. The review will aim ...
-
ArticleJohn Lewis Partnership employees receive 2% profit-sharing bonus
Retail organisation John Lewis Partnership is awarding a 2% bonus to its 83,000 employees, as a result of its 2019/2020 profits.The payout, which is due to the organisation's profit-sharing scheme and was announced to employees today (5 March 2020), paid employees 3% of their salaries in 2018/19; the dip this ...