All Share incentive plans articles – Page 2

  • share schemes consultation
    Article

    Government launches consultation on employee share schemes

    2023-06-06T11:17:47Z

    The government has launched a consultation on non-discretionary tax-advantaged employee share schemes, including sharesave schemes and share incentive plans (Sips) as part of its aim to improve and increase their usage.The government is interested in hearing from stakeholders about whether the schemes are attractive to lower income earners in order ...

  • Skout employee owned
    Article

    Skout becomes employee owned

    2023-05-31T10:28:12Z

    Cheshire-based B2B PR and communications agency Skout has become 100% employee owned through an employee ownership trust (EOT) to secure its long-term independence.The EOT now has a 100% controlling interest in the business, acting as a guardian of its values and culture, and ensuring its direction remains in employees’ best ...

  • Cardinal-warehouse
    Article

    Cardinal Global Logistics becomes employee owned

    2023-05-24T10:19:01Z

    Manchester-headquartered logistics services business Cardinal Global Logistics has transitioned to an employee ownership model to mark 25 years in business.The business, which employs more than 400 employees, aimed to create an environment where every member of staff has the same opportunity to become a partner in its democratisation model, sharing ...

  • holding equity
    Analysis

    How much value do employees place in holding equity in an organisation?

    2023-05-18T05:00:22Z

    Interest in employee ownership and share schemes is increasing from employees.These schemes can be a great motivation and engagement tool by giving employees greater involvement in the business.The risk of demotivating employees can be mitigated by granting options in most share schemes, so if the value goes down they incur ...

  • Horizon Platforms share
    Case Studies

    Horizon Platforms staff motivated by holding a stake in the business

    2023-05-18T05:00:13Z

    Horizon Platforms motivates and engages employees through its profit share scheme and an employee ownership trust (EOT).The organisation, a national provider of powered access hire for cherry pickers, scissor lifts and more, currently employs 78 members of staff, which it allows to become beneficiaries of the EOT following six months' ...

  • employee-ownership-pie-chart
    Article

    Principle Cleaning Services becomes majority employee owned

    2023-05-12T10:44:14Z

    Principle Cleaning Services has transferred the majority of its shares to its 2,300 employees through the creation of an employee ownership trust (EOT).Founded in 1989 by executive chairman Douglas Cooke, the window cleaning business formed an EOT in order to secure its long-term future while creating an effective platform for ...

  • top10news5-11May
    Article

    The top 10 most-read articles between 5 - 11 May 2023

    2023-05-12T08:00:25Z

    The top 10 most-read articles on www.employeebenefits.co.uk between 5 - 11 May 2023 were: Stella McCartney and Herbert Smith Freehills shortlisted for Best pensions strategyThomas Cook completes £900m pension buy-inPam Group launches enhanced reward packageAmazon runs Welcome Day for employees returning to Seattle officeQuarter of businesses have seen increase in ...

  • HIT Training employee owned
    Article

    HIT Training becomes majority employee owned

    2023-05-09T10:46:42Z

    Training and apprenticeships provider HIT Training has become employee owned through the creation of an employee ownership trust (EOT).The EOT, which will benefit the employer’s employees across its HIT Training, Connect2Care and Executive Development Network divisions, now owns 61% of the organisation on behalf of staff.All employees are eligible to ...

  • PHOTO
    Article

    Carreg Construction transfers to employee ownership

    2023-05-05T09:29:00Z

    Welsh building contractor Carreg Construction has transferred to employee ownership 20 years after its foundation in 2003.The business, which employs 21 people, was founded by Andrew and Sue Phillips. Andrew Phillips agreed to stay on as director to help guide the development of the business alongside the employee ownership trust ...

  • Daimler Truck
    Article

    Daimler Truck awards profit share and appreciation bonuses

    2023-03-14T10:57:13Z

    Credit: T. Schneider / Shutterstock.comGerman commercial vehicle manufacturing firm Daimler Truck has awarded eligible employees a €6,300 (£5,546) profit sharing bonus and a one-off appreciation bonus of €1,000 (£880).The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German ...

  • share schemes
    Analysis

    What role do share schemes play in the current economic climate?

    2023-03-02T06:00:20Z

    While share schemes may not solve immediate financial worries, they can help boost long-term financial stability.Aligning staff with shareholders can improve motivation and engagement, reducing absence and turnover at a time when talent is at a premium.Proper communication of both the negatives and positives will help ensure staff get the ...

  • GlobalData-FTI-Consulting
    Case Studies

    GlobalData uses share schemes to boost global cohesion

    2023-03-02T06:00:19Z

    In August 2022, 146 employees of industry intelligence firm GlobalData benefitted from an £82 million pay-out from its share option scheme, which was originally formed in 2010 and had remained open to entrants until December 2020.In 2019 and 2021, GlobalData built on the success of its 2010 scheme, creating two ...

  • connick tree care
    Article

    Connick Tree Care becomes employee owned

    2023-02-17T11:40:44Z

    South England-based tree preservation and maintenance firm Connick Tree Care has announced that it will become employee owned.The plan was first announced to the business’ 75 members of staff in October 2022, and the process commenced this month, with the transition to an employee ownership trust (EOT) due to take ...

  • Delta Air lines saves 24% in staff expenses due to voluntary leave schemes
    Article

    Delta Airlines gives all staff 5% pay rise

    2023-02-08T11:12:06Z

    American air travel organisation Delta Airlines has announced that it will give its ground and flight attendant employees a 5% pay increase as of 1 April.All 90,000 employees worldwide are included, apart from those covered by an industry or government requirement, or a collective bargaining agreement. This raise, which also ...

  • Jet2 employees asked to take a pay cut of up to 30%
    Article

    Jet2.com and Jet2holidays give staff 9% pay rise

    2023-01-30T10:40:01Z

    Jet2.com and sister business Jet2holidays have given their workforces a 9% pay rise, effective from April 2023.The businesses also increased their profit share scheme terms by one percentage point, so that eligible employees can get a 6% share.The employers also awarded staff an extra annual leave day on top of ...

  • Brands2Life introduces employee ownership trust
    Article

    Crookes Walker Consulting becomes 100% employee owned

    2023-01-09T11:00:36Z

    Engineering consulting services business Crookes Walker Consulting (CWC) has become 100% employee owned by establishing an employee ownership trust (EOT).The organisation, which employs more than 50 members of staff across its offices in Manchester, Liverpool and Birmingham, received a business loan from OakNorth Bank to support the EOT’s creation. The ...

  • IMG-20221210-WA0000
    Article

    Seven Search and Selection transfers to full employee ownership

    2022-12-16T11:09:25Z

    Leeds-based recruitment firm Seven Search and Selection has signed a deal to transfer full ownership across to its 25 employees as of this month.According to the business, it chose to establish an employee ownership trust (EOT) so all of its employees would be personally invested and working for each other, ...

  • Bank of New York Mellon
    Article

    Bank of New York Mellon Corporation creates stock plan for 51,000 global employees

    2022-12-15T10:40:15Z

    Credit: JHVEPhoto / Shutterstock.comUS and global investment banking services organisation Bank of New York (BNY) Mellon Corporation has introduced a share scheme for eligible employees with BK Restricted Stock Units, or BK Shares, which will open on 13 February 2023.A grant of 10 restricted stock units will be awarded to ...

  • Image credit: AL Robinson / Shutterstock.com
    Article

    Boohoo gives shares to more than 1,100 employees

    2022-11-08T11:53:45Z

    Image credit: AL Robinson / Shutterstock.comOnline fashion retailer Boohoo has given shares to more than 1,100 of its employees, including several members of its senior leadership.The Manchester-headquartered group released a statement to the London Stock Exchange, stating that the move was part of its Save As You Earn (SAYE) share ...

  • Leader-team-from-left-to-right-Jess-Faye-Rhys-Alister-James-Dan-Marc-and-Tracy-778x500
    Article

    Leader Marketing Partnership becomes employee-owned

    2022-11-08T11:07:38Z

    Marketing agency Leader Marketing Partnership has changed its ownership structure to become an employee ownership trust (EOT).The agency, which has eight members of staff, was founded in 1965 by Bryan Holden, joined by his son James in 1983, who then took on the role of managing director in 1991. As ...