All Share incentive plans articles – Page 16
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Analysis
13: Share schemes in numbers
7,000: Admiral employees will each receive £3,000 worth of free shares into the insurance provider’s share incentive plan (Sip): bit.ly/18uDCXu100%: Architectural visualisation studio organisation Hayes Davidson is now 100% owned by its employees: bit.ly/1DTjGdc17 years: Hundreds of Roadchef employees are to receive a payout after settling a 17-year dispute over ...
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Article63% of European staff satisfied with long-term incentive plan
Just under two-thirds (63%) of European employee respondents are highly satisfied with their long-term incentive plan (L-tip), compared to 42% in North America and 59% in the rest of the world, according to research by the Global Equity Organisation (GEO).Its Global equity insight 2015 report, which surveyed 144 organisations in ...
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AnalysisHow to boost share plan take-up
If you read nothing else, read this:Last April, the government increased sharesave and share incentive plan (Sip) savings limits from £250 to £500 per month for sharesave and from £125 to £150 for Sips.Organisations with Sips are entitled to employer national insurance contribution (NIC) savings and employers are also required ...
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Case StudiesAsda boosts sharesave take-up
Simon Bell, senior reward manager at the supermarket behemoth, explains: “Our sharesave scheme plays a key part of our reward strategy and we openly encourage participation throughout our organisation from hourly-paid and salaried colleagues to board members.”Before designing its 2014 sharesave campaign, Asda carried out face-to-face research with a broad ...
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ArticleIFS Proshare appoints new head
Gabbi Stopp has been appointed the new head of IFS Proshare. She succeeds Alan Scott, who has held the position in an interim capacity since August 2014, pending the appointment of a long-term successor.Stopp will join the employee share scheme industry body on 7 April.Her previous positions include account director ...
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ArticleAldermore awards staff £1,000 share bonus
Aldermore has granted each of its 875 employees up to £1,000 in free shares following its initial public offering (IPO) on the London Stock Exchange. The bank, which lends to individuals and small- and medium-sized businesses (SMEs), offered staff £200 worth of shares for every year that they have worked ...
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ArticleAdmiral staff to receive £3,000 worth of shares
More than 7,000 Admiral employees will each receive £3,000 worth of free shares into the insurance provider’s share incentive plan (Sip).According to the organisaiton’s Annual results 2014 report, this will cost some £8.6 million should all staff remain eligible for the scheme.This is an increase from the £7.6 million spent ...
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AnalysisHow much do staff say they know about the share plan they participate in?
Source: The human and organisational impact of employee share ownership, by Dr David McConville, Alison Smith and John Arnold, (Sept 2012).
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ArticleWhitbread staff share £10m in sharesave payout
More than 1,000 Whitbread employees are to share £10 million following the maturity of the organisation’s three-year and five-year sharesave schemes on 2 February The employees, who work for brands including Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, saved between £10 and £500 a month into the schemes.Staff members ...
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ArticleTalkTalk increases share scheme take up
EXCLUSIVE: TalkTalk has increased take up of its employee share plans for 2014.The telecommunications organisation introduced its sharesave scheme, provided by Equiniti in 2010. It has launched a new plan every year since offering both a three and five-year scheme.Prior to the launch of this year’s schemes, some 55% of ...
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AnalysisThe impact of share ownership on company productivity
If you read nothing else, read this…Research suggests that employers with significant employee ownership tend to have higher productivity.Staff productivity appears to be higher where employee ownership is part of a wider employee engagement programme. The tax status of a share scheme has little impact on employee productivity. Productivity in ...
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ArticleBT, Asda, Saga, Sky and TalkTalk awarded for share plans
BT, Saga, Asda and TalkTalk were among the employers awarded for their employee share plans at the IFS Proshare Awards 2014 on 26 November.All winners were commended for their contribution to fostering employee share ownership.Saga won the award for best new share plan, while BT was awarded for their effective ...
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ArticlePremier Foods to launch share incentive plan
Premier Foods is to launch a share incentive plan (Sip) for its employees.Under the proposed terms of the scheme, which is aimed at increasing employee share ownership, the food manufacturer wlll award 500 free shares to all UK-based employees. Gavin Darby, chief executive officer at Premier Foods, said: “I believe ...
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ArticleEmployee gains from sharesave schemes more than double
Employee gains from sharesave schemes have more than doubled in the last year, according to research by law firm Pinsent Masons.Its research found that profits made by employees at the conclusion of the scheme, either after three or five years, have increased by 141% from £360 million up to £870 ...
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Article
Buyer's guide to share incentive plans 2014
The factsWhat are Sips and how do they work?Share incentive plans (Sips) are a tax-efficient savings vehicle for employees, who can receive up to £3,600 worth of free shares a year, free of income tax and national insurance. If the shares are kept in the plan for at least five ...
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ArticleOcado launches share incentive plan for staff
EXCLUSIVE: Ocado has launched a share incentive plan (Sip) for employees.The scheme, which was launched in July, has two elements. The first is a buy-as-you-earn scheme, which awards staff with one matching share for every seven partnership shares they purchase.Joanna Gordon-Utting, reward and benefits manager at Ocado, said: “We had ...
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ArticleValue of share options granted through EMI schemes rises
The value of share options granted through enterprise management incentive (EMI) schemes has risen by a quarter in the past year from £200 million to £250 million, according to law firm Pinsent Masons.Shares acquired since 6 April 2012 have qualified for entrepreneurs’ relief on capital gains tax, even if the ...
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ArticleBT staff to share £1.1bn sharesave payout
Nearly 23,000 BT employees will share a payout of £1.1 billion after the organisation’s five-year sharesave plan matured on 1 August.The employees, who are mostly contact centre agents and engineers, joined the scheme in 2009. Through the plan, they could save between £5 and £225 every month until July 2014.At ...
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ArticleHMRC to raise bonus rates for sharesave schemes
HM Revenue and Customs (HMRC) is to increase the bonus rates payable on five-year sharesave schemes.A new bonus rate of 0.6 times monthly contributions and an annual equivalent rate of 0.39% will be applied to these schemes from 28 July 2014.This is the first time a bonus rate will be ...