Accountancy firm Price Bailey is to award its 300 employees with 2,500 shares each in the organisation.
All employees that have worked at Price Bailey for more than a year will be eligible for the scheme, irrespective of their grade. They will receive shares valued at around £250.
The value of the shares is expected to increase by 10% a year. An annual dividend is also likely to be paid.
The firm reported one of its highest ever profits in the 2015 financial year.
The share incentive aims to further foster staff reward and engagement at Price Bailey, which already offers a range of benefits, such as a confidential employee helpline and beenfits offered via salary sacrifice arrangements.
Martin Clapson, managing director of Price Bailey, said: “We know we have excellent relationships with our clients, with many having been with us for more than 10 years.
“However, what enables these close professional relationships are the people at Price Bailey who, through their hard work and dedication, have made Price Bailey the leading firm that it is.
“I wanted to formally recognise their valuable contribution by giving them a share in the firm, to ensure that we harness the best ideas and retain our people, whether they are in support functions, management or a fee-earning role.”
