News – Page 8
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ArticleKwalee's profit-sharing scheme has paid £1 million to 73 staff since 2018
Mobile gaming organisation Kwalee has, as of the end of January 2020, reached £1 million profit-sharing payouts to its 73 employees.Kwalee's profit-sharing scheme was introduced in October 2018, allowing all employees to receive a base percentage of Kwalee's profits every three months, most recently in January 2020. In total, the ...
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ArticleSouthwest Airlines profit-sharing scheme pays out for 60,000 employees
60,000 employees at Southwest Airlines will be awarded a cumulative 12.2% of $667 million (£513 million), due to the organisation's profit-sharing scheme. All Southwest Airlines staff who were employed on or after 1 January 2019 have been automatically included in the organisation's profit-sharing plan, through which they are eligible to ...
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ArticleDaimler rewards 130,000 employees in Germany with profit-sharing bonus
Automotive manufacturer Daimler is rewarding 130,000 members of staff based in Germany with a one-time bonus, based on its latest financial year results and to recognise employees' hard work during 2019. Employees who have enrolled in the organisation's profit-sharing scheme will receive a bonus of up to €597 (£501) with ...
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ArticleStarling Bank awards shares to engage 800 employees with business success
UK digital banking organisation Starling Bank is awarding shares to all 800 employees following a successful investment from several investors, with a goal of allowing staff to benefit directly from business success. The organisation has raised £60 million from its existing investors, Merian Global Investors and JTC, which will bring ...
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ArticleBluefruit Software launches employee ownership trust
Cornwall-based technology organisation Bluefruit Software has given its 75 employees 51% ownership of the business, using an employee ownership trust (EOT). The transition was completed in December 2019, following which staff with three months tenure at the business received a tax-free bonus of up to £1,200 each. The transition process, ...
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ArticleDelta Air Lines pays out $1.6 billion in profit sharing to 90,000 employees
Air travel organisation Delta Air Lines is awarding its 90,000 employees with a cash bonus equivalent to two months' pay, following the strong business performance in 2019.Employees will receive the bonus through the organisation's profit sharing scheme, which is open to all global staff who are full-time, part-time or ready ...
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ArticleEmperor staff to own 67% stake under new employee-ownership model
Creative consultancy Emperor is transitioning to employee ownership through an employee ownership trust (EOT), affecting 200 employees in six locations across the UK and the Middle East.The move, announced on 21 January 2020, is part of the organisation's aim to become sustainable and people-focused, by directly involving employees in business ...
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ArticlePerega becomes employee-owned as part of corporate rebrand
Civil and structural engineering consultancy Perega has become employee-owned, after rebranding and changing its name from Thomasons as part of a move to overhaul its corporate brand identity, which includes strengthening its focus on employees and clients.Perega announced on 18 October 2019 that it had to an employee ownership trust ...
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ArticleTravel and Transport extends employee stock ownership plan to 160 UK employees
Employee-owned global travel management organisation Travel and Transport has extended its employee stock ownership plan (Esop) to its 160 UK employees, in recognition of the business' 73rd birthday.The Esop, which enables staff to acquire shares in the organisation, has been designed to mirror the profit-sharing plan that Travel and Transport ...
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ArticleFour-fifths of UK employees cite salary as important for their happiness at work
Around four-fifths (86%) of UK employees cite salary as the most important factor contributing to their happiness at work, according to research by Capita.The state of IT: The employee verdict, a report which surveyed 2,000 UK professionals who use a computer to access data and applications, also found that 75% ...
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ArticleDeb Oxley: The employee ownership sector is growing
When I talk about the reasons for becoming employee-owned, I like to use an analogy: who washes a hire car? There is a mental change that happens when you own something; it drives behaviours that relate to what needs to be done, rather than what you want to do.Evidence shows ...
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ArticleAsda employees receive £62 million through employee share scheme
Employees at supermarket retailer Asda have received a return from the organisation’s sharesave scheme, totalling £62 million. This affects approximately 25,000 members of staff. Sharesave schemes allow eligible employees to save directly from their salary over a set number of years, at the end of which they can either take ...
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ArticleEXCLUSIVE: A quarter provide shares or share options to staff
EXCLUSIVE: Since 2018, there has been little change when it comes to the proportion of respondents that offer shares or share options to staff, according to research by Employee Benefits.The Benefits research 2019, which canvassed the views of 290 HR professionals and was published in May 2019, found that 25% ...
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ArticleCalifornia-based cannabis organisation boosts pay and benefits for delivery drivers
Something for the weekend: California-based cannabis organisation Caliva has boosted the pay and employee benefits for its delivery drivers, offering up to $16 (£12.62) an hour and a 401K pension scheme.Caliva, which grows its own cannabis to use in a range of consumer products, available in shops or online, has ...
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ArticleTwo-fifths are most interested in receiving paid annual leave as employee benefit
Two-fifths (44%) of employee respondents are most interested to receive between 22 and 35 days of paid annual leave as an employee benefit, according to research by insurance organisation Aviva.Its survey of 2,011 UK employees and 502 managers with recruitment responsibilities further found that other workplace benefits staff are most ...
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ArticleBT Group adopts employee ownership model for 100,000 staff
Telecommunications organisation BT Group (BT) has launched an employee ownership scheme for its 100,000 worldwide employees, aiming to boost employee engagement and improve customer service.The new 'yourshare' scheme will amount to approximately £50 million a year for BT’s global employees; this includes an initial award value of £500 per staff ...
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ArticleEXCLUSIVE: The Gym Group sees employees save £100,000 through retail discounts platform
EXCLUSIVE: Employees at no-contract gym provider The Gym Group have saved £100,000 since April 2016 by using the organisation’s retail discounts platform.The Gym Group, which has 700 employees, introduced the platform in April 2016 as part of a three-year deal with employee experience organisation Perkbox.Providing access to retail discounts, offers ...
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ArticleConfessions of a benefits manager: Candid seeks financial support at work
I’ve decided to do something about financial support at work and financial wellbeing in general. Not just my own; you only have to look around the office to see how stressed out and worried everyone is. It’s hard to know if they are lying awake at night over their mortgage, ...
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ArticleHodge Jones and Allen launches employee ownership trust
Law organisation Hodge Jones and Allen (HJA) has transferred to an employee ownership trust (EOT).Sole remaining founding partner Patrick Allen said he decided to create the EOT so that the solicitors' ethos of helping people would continue and all of the staff could benefit.The move is apart of a succession ...
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ArticleFilm studio Aardman transfers to employee ownership
Bristol-based film studio Aardman, best-known for animations Wallace and Gromit and Shaun the Sheep, has transferred into employee ownership.Founders David Sproxton and Peter Lord have transferred the majority of Aardman's shares into an employee ownership trust, which will hold the shares on behalf of the employer's 140-strong workforce. The aim ...