All Share schemes articles – Page 9
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ArticleBank of America rolls out thank-you awards
A Bank of America memo has revealed staff at the organisation received enhanced pay and shares perks as a thank-you for their efforts during 2020.Coming on the back of its full-year financial results, chairman and chief executive Brian Moynihan told staff: “Teammates were called upon to address unprecedented challenges." He ...
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ArticleDr Martens bosses to share £350m bonus pot
Shoe retailer Dr Martens has launched a stock market floatation that is expected to net the chief executive and senior employees a share of £350 million, with regular employees also in the frame to benefit from the shares issued.The investment prospectus – published yesterday – sees the company valued at ...
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ArticleTaylor Guitars becomes employee owned
Guitar manufacturer Taylor Guitars is now 100% employee-owned following the introduction of its employee stock ownership plan (Esop).More than 750 employees will be able to control shares within the business. Its new ownership structure will support the continued established leadership, enabling the organisation to remain independent and preserve culture.The news ...
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ArticleEXCLUSIVE: Personal Group awards shares to 250 employees
EXCLUSIVE: Employee benefits provider Personal Group has awarded its 250 employees free shares worth £500 under its new share incentive plan (sip).The share reward is to recognise employees for their hard work during the Covid-19 (Coronavirus) pandemic. Effective from 1 December 2020, employees who have joined the organisation before June ...
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ArticleSafer Sphere introduces employee benefit trust
National construction organisation and safety specialist Safer Sphere has given its employees part-ownership of the business through an employee benefit trust (EBT).Following the transition, 49% of Safer Sphere's shares will be held in the EBT, to give employees the opportunity to control shares in the business. The organisation made the ...
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Supplier articleCaboodle partner with Halfords to launch new salary sacrifice scheme MotorSave
Caboodle Technology have teamed up with motoring specialists Halfords to introduce brand-new salary sacrifice employee benefit scheme MotorSave.Through MotorSave, employees can spread the cost of their car MOT, service, tyre replacements or repairs over a 12-month period through a salary sacrifice agreement, where the cost is deducted from their gross ...
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ArticleClaremont launches employee ownership trust
Image credit: ClaremontInterior design organisation Claremont has given its employees part-ownership of the business through an employee ownership trust (EOT).Following the transition, 50.1% of Claremont's shares will be held in the EOT, to give employees with more than a year's service the opportunity to control shares in the business. The ...
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Supplier articleCustomer loyalty Schemes in a new world: What Covid-19 has taught us
So far, 2020 has been one of the toughest years in memory for retailers and businesses who rely on consistent consumer interaction and sales. The reason, obviously, is due to the global Coronavirus pandemic that has impacted all our lives. It has changed the way we live, work and socialise ...
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ArticleVeolia introduces share scheme for 140,000 employees
French environmental services organisation Veolia has introduced a new share scheme for its 140,000 employees.Employees will be able to opt in to buy shares, based on the average share price on the French stock exchange set on 5 November 2020, minus an employee 20% discount and rounded up to the ...
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ArticleL’Oreal launches second employee share ownership scheme for 88,000 employees
French cosmetics organisation L’Oreal has launched its second employee share ownership scheme.Following on from the success of its first share scheme in 2018, 88,000 global employees in 57 locations, including France and the UK, will be able to opt in to buy shares in its latest share ownership plan.Employees are ...
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ArticleDamia Group launches employee ownership trust
International recruitment firm Damia Group is now 100% employee owned, following on from introducing an Employee Ownership Trust (EOT).The 15 employees at Damia Group now control 100% of the shares within the business that is headquartered in Guildford and has offices in Edinburgh and Portugal.The business established the EOT to ...
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ArticleBrands2Life launches employee ownership trust
Communications agency Brands2life has given its 140 employees part-ownership of the business, using an employee ownership trust.The transition, which was completed in August 2020, will give employees who have worked at the business for more than three months, the opportunity to control shares within the business.Brands2life implemented the employee ownership ...
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OpinionThomas Clark: How share-based incentives can help retain and motivate key staff
As the economic fallout from Covid-19 (Coronavirus) becomes ever clearer, it is important businesses are aware of all the tools at their disposal that can help them survive these difficult times. One tool that has slipped under the radar and deserves greater recognition is share-based incentives. Share schemes help retain ...
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ArticleAdmiral awards shares worth £1,800 to 10,000 employees
Financial services organisation Admiral Group is giving its 10,000 employees shares worth up to £1,800, under its share incentive plan.Since January 2020, the business has seen a continuous growth in revenue, and it is rewarding its employees with the shares that will be placed in Trust by the end of ...
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ArticleAO World introduces profit share scheme for 3,000 staff
Online retailer AO World is to introduce a profit share scheme for its 3,000 employees.The incentive, which is set to be implemented during the 2020/21 financial year and has been named the Value Creation Plan (VCP), will give employees the opportunity to receive an extra payment, if any value is ...
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Analysis
Employee options: Share schemes in numbers
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Case StudiesStarling Bank motivates staff using an employee share scheme
Digital, mobile-only financial organisation Starling Bank motivates and rewards its 800 employees by awarding them shares in the business through a share incentive plan (Sip). All employees based in its London, Southampton, Cardiff and Dublin offices have been allocated an equal conditional share award, regardless of seniority or role, as ...
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AnalysisHow can employers make share schemes attractive in the current climate?
Need to know: Organisations need to find the right share scheme that suits their business needs. Offering employee share schemes in place of bonuses or alongside pay reductions can soften the blow and may avoid the need for redundancies in some instances. Employee share schemes can be confusing. Offering financial ...
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ArticleEXCLUSIVE: 25% of employers offer share schemes to employees
A quarter (25%) of respondents offer shares or share schemes to staff, while 14% do so purely for executive or senior employees.The Employee Benefits research 2020, published in May 2020, which surveyed 269 HR decision-makers, found that more than half (59%) did not offer this benefits, while just 2% say ...
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OpinionNicholas Stretch: How are all-employee share plans faring as a benefit in the current crisis?
The two widely used share plans in the UK are sharesave (SAYE) and the share incentive plan (Sip). They, like most employee benefits at the moment, are under real pressure from companies and their participants to show value for money, appeal and flexibility. After all, while employee share plans are ...