All Share schemes articles – Page 3
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Case StudiesGlobalData uses share schemes to boost global cohesion
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 ...
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ArticleConnick Tree Care becomes employee owned
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 ...
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ArticleDelta Airlines gives all staff 5% pay rise
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 ...
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ArticleJet2.com and Jet2holidays give staff 9% pay rise
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 ...
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ArticleCrookes Walker Consulting becomes 100% employee owned
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 ...
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ArticleSeven Search and Selection transfers to full employee ownership
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, ...
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ArticleBank of New York Mellon Corporation creates stock plan for 51,000 global employees
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 ...
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ArticleBoohoo gives shares to more than 1,100 employees
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 ...
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ArticleLeader Marketing Partnership becomes employee-owned
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 ...
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ArticleOliver and Co Solicitors becomes employee owned
Chester-based Oliver and Co Solicitors has become employee owned, with its 85 members of staff now owning 100% of the business through an employee ownership trust.Members of staff will be eligible to own a stake in the firm and enjoy an equal share of the profits after working in their ...
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ArticleEXCLUSIVE: Wickes leverages benefits schemes to bring cost savings
Employee Benefits Live 2022: Home improvement retailer Wickes has made a number of changes to its benefits schemes to bring cost savings to the business, while also supporting the financial wellbeing of staff.Addressing delegates at Employee Benefits Live 2022 in a session entitled ‘How to structure a compelling cost-effective benefits ...
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ArticleLyneal Group establishes employee ownership trust
Lyneal Group, which operates employee benefits firms mystaffshop.com and myhealthxtras.co.uk, has formed the Lyneal Group Employee Ownership Trust in a £10.5 million deal.The trust will have ownership of the entire issued share capital of Lyneal Group, with all 28 employees having a beneficial interest. It was advised by KMBA, Claritas ...
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ArticleThe top 10 most-read articles between 9 - 15 September 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 9 and 15 September 2022 were: Sainsbury’s launches cost-of-living support packageGreene King enhances maternity leave and supportAlexander Dennis staff to strike over payMedian monthly pay up 6.5% in August 2022Arcoframe to pay staff £160 a month cost-of-living bonusNorwich City Council launches living ...
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ArticleGopuff rolls out stock equity programme for UK employees
Credit: Ceri Breeze / Shutterstock.comRapid delivery business Gopuff has started rolling out its GoStock Equity Programme for its 1,400 employees and workers in the UK.The business released an internal memo last week that detailed the initiative, explaining that employees and workers, including delivery drivers, will receive equity and an ownership ...
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ArticleBritsafe becomes employee owned
Oldham-based security and cleaning firm Britsafe has transferred ownership of the business to its workforce, in a move to provide greater future job security for staff.According to Britsafe, which employs 500 people nationwide, staff will all have a stake in the business and receive tax-free bonuses if it continues to ...
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AnalysisHow can employers position the workplace as a first port of call for savings vehicles?
Need to know:The cost-of-living crisis has underlined the need to improve people’s level of savings.Workplace schemes such as the individual saving account (Isa), lifetime Isas and sharesave already exist, with trials underway for ‘sidecar savings’.But employers have to up their game when it comes to communicating with employees.According to research ...
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ArticleGlobalData employee share option scheme vests £82 million
A total of 146 long-term employees of industry intelligence provider GlobalData have benefited from the business' share option scheme, with awards vesting £82 million, as of this month.GlobalData created the scheme in 2010 as part of a goal to align its staff to its long-term success, and granted the first ...
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ArticleMinnesota Rubber and Plastics staff to receive pay out due to sale
Credit: rarrarorro / Shutterstock.comGlobal investment firm KKR has signed an agreement to sell Minnesota Rubber and Plastics (MRP) to engineered polymer solutions business Trelleborg Group for approximately US$950 million (£780.2 million), with employees set to receive a pay-out as a result.MRP has more than 1,450 employees across four US states, ...
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ArticleConcepto Diagnostics becomes majority employee owned
Diagnostic services business Concepto Diagnostics has become majority owned after co-directors and co-owners Atal Malviya and Eileen Flatley transferred 51% ownership to an employee ownership trust (EOT).Malviya and Flatley have retained ownership of 49% of the firm, which was recently valued as being worth £97.1 million. Throughout the process, the ...
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ArticleTrident Building Consultancy transfers ownership to staff
Surveying practice Trident Building Consultancy, which has offices in the UK and Dublin, has transferred ownership of the business to its 90-plus employees, with all shares passing to an employee ownership trust (EOT).According to the directors, the existing management structure will stay in place, with the EOT managed by five ...