All Share schemes articles – Page 14
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ArticleGovernment to abolish employee shareholder status tax advantages
Autumn Statement 2016: The tax advantages awarded under employee shareholder status (ESS) will be abolished from December 2016.The tax advantages that are linked to ESS-provided shares will be abolished for arrangements entered into on, or after, 1 December 2016, with the status itself being closed to new arrangements at the ...
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ArticleNokia and Rio Tinto are recognised for employee share schemes
Henderson Global Investors, Nokia, and Rio Tinto were among the organisations recognised for best practice in employee share schemes at the Esop Centre's Employee Share Ownership Awards 2016 on Tuesday 22 November 2016.Nokia won the award for best international all-employee share plan for its share scheme that operates across 46 ...
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Case StudiesThe benefits on offer at Goodman Masson
The workplace benefits on offer at Goodman Masson include:PensionStakeholder pension with a 1% employer and 1% employee contribution.Goodman Masson went through auto-enrolment in 2014.Group riskGroup income protection, employer-paid for some employees.Critical illness insurance, employer-paid for some employees.Healthcare and wellbeingPrivate medical insurance, voluntary basis, employee-paid.Eyecare vouchers, employer-paid for all employees.Personal accident ...
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AnalysisBuyer’s guide to share incentive plans
What is a share incentive plan?Share incentive plans (Sips) were created in 2000 as an employee share plan that could help staff save in a tax-efficient way. Employees can purchase shares or be awarded free shares.Sips have tax advantages. The monetary contributions come from an employee’s pre-tax salary, meaning that ...
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Article46% would like their employer to provide financial education
Just under half (46%) of respondents would like their employer to offer financial education support, according to research by Equiniti.Its survey of 6,700 savers and investors from Equiniti’s client base, also found that 49% of respondents feel that their employer does not do enough to support informed financial decisions on ...
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ArticleLaw firm Gateley launches employee sharesave scheme
Law firm Gateley has introduced a sharesave scheme for its employees.The sharesave scheme forms part of the organisation's growth strategy following its flotation on the Alternative Investment Market (AIM) of the London Stock Exchange in 2015.The share scheme, which launched in September 2016, was communicated to staff at Gateley’s annual ...
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ArticleClassic Motor Cars launches employee ownership trust
Classic Motor Cars (CMC) has launched an employee ownership trust.Peter Neumark, chairman of the Shropshire-based car restoration organisation, transferred his majority shareholding into a new entity, the Classic Motor Cars Employee Shareholder Trust, on 26 August 2016, passing control for the business to a trust set up for its 60 ...
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ArticleTop tips on using share schemes to engage staff with business performance
Need to know:Employee share schemes can give staff a sense of ownership and increase interest in business performance.Interest in an organisation’s wider goals and performance can have a knock-on effect on individual engagement levels.To harness these benefits, staff must first engage employees with share schemes themselves.Share schemes may not always ...
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ArticleEXCLUSIVE: 29% offer share schemes for all staff
EXCLUSIVE: More than a quarter (29%) of employer respondents offer shares or share options for all employees, according to research by Employee Benefits and Xerox HR Services.The Benefits research 2016, which surveyed 338 employer respondents, also found that 16% offer shares or share options for executive and senior-level staff.Of those ...
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ArticleTotal enhances employee shareholder proposition
Global energy organisation Total, which employs 96,000 members of staff, has made changes to its employee shareholder proposition.From 2017, employees will be given the option to purchase shares with a discount of up to 20% every year instead of every two to three years. The organisation will match the first ...
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ArticleMajestic Wine CEO shares bonus with staff
Majestic Wine chief executive officer Rowan Gormley has requested that his share award bonus be distributed among 493 eligible employees, potentially netting each member of staff approximately £14,000.The share awards will take the form of a one-off payment to current employees who are members of the organisation’s long-term incentive plan, ...
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ArticleStarbucks enhances pay and benefits package for US staff
International coffee chain Starbucks is increasing pay and enhancing its benefits package for US-based employees, including changes to its healthcare programme and share scheme.Starbucks US is developing a personalised healthcare benefits package with the aim of giving employees greater flexibility and choice to suit their needs and budget.From 18 July ...
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ArticleSports Direct to review bonus arrangements
Sports Direct is to review its incentive arrangement after failing to reach the full year earnings targets required to trigger payments under its annual share-based bonus scheme.For the 2,000 eligible employees to receive a payment under the existing annual bonus scheme, Sports Direct needed to record earnings of £420 million, ...
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ArticleEU referendum 'leave' vote expected to impact workplace benefits
The UK has voted to leave the European Union (EU), with potentially far reaching consequences for employers and employees.With a reported 71.8% turn out, 52% of voters elected to leave the EU in the referendum on 23 June 2016.To begin the withdrawal process, the government will have to trigger Article ...
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ArticleEXCLUSIVE: 79% do not expect their organisation will contribute to the lifetime individual savings account
EXCLUSIVE: More than three-quarters (79%) of employer respondents do not expect their organisation will contribute to the new lifetime individual savings account (Lisa), according to the Employee Benefits/Xerox HR Services Benefits research 2016, published in June.The savings vehicle was announced by Chancellor George Osborne in the March 2016 Budget. From ...
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ArticleEmployees saved £156 a month into sharesave schemes in 2015
Employees made average savings contributions of £156.23 a month into sharesave (SAYE) plans in 2015, according to research by employee share ownership membership organisation Proshare.Data from its annual Share incentive plan (Sip) and sharesave (SAYE) survey, which is based on data from share plan administrators in the UK which are ...
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ArticleFormation Architects launches employee ownership trust
Formation Architects has launched an employee ownership trust.The London-based practice, which has 65 employees, has sold 100% of the shares owned by sole shareholder and former managing director Gordon Thomson to Formation Trustee Limited, the trustee of an employee ownership trust.The sale completed in December 2015, and the trust was ...
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OpinionRaoul Parekh and Anne Croft: What could Brexit mean for share schemes?
Much of the Brexit debate has centred on whether leaving the EU will allow the UK to reduce the burden of business regulation. But what does this mean for employee share schemes?The mainstream press has been full of arguments about what Brexit might mean for employment law, with a contrast ...
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ArticleChobani CEO gives shares to 2,000 staff
Hamdi Ulukaya, founder and chief executive officer at US-based Greek yoghurt manufacturer Chobani, has given employees a stake in the organisation.Some 2,000 full-time employees have been awarded shares, which will be worth up to 10% of the food production firm’s value at the point of the organisation’s sale or in ...
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ArticleWimberly Allison Tong and Goo launches employee ownership trust
US organisation Wimberly Allison Tong and Goo (WATG) has launched an employee ownership trust.The design consultancy, which employs 360 staff across the US and international locations, including London, Istanbul, Dubai, Singapore, and Shanghai, has adopted the employee ownership model with the aim of supporting its future growth.WATG was advised by ...