All Sharesave/SAYE schemes articles – Page 10
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ArticleKwalee's profit-sharing scheme has paid £1 million to 73 staff since 2018
Mobile gaming organisation Kwalee has, as of the end of January 2020, reached £1 million profit-sharing payouts to its 73 employees.Kwalee's profit-sharing scheme was introduced in October 2018, allowing all employees to receive a base percentage of Kwalee's profits every three months, most recently in January 2020. In total, the ...
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AnalysisHow to ensure employees share in business success
Need to know:Involving employees in the growth and success of a business not only affects the bottom line, but can build engagement and loyalty, forming the basis of a positive culture.Share schemes and employee ownership models are one method of aligning employees directly with business results.Recognition schemes can also encourage ...
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Case StudiesAussie Man and Van uses share schemes to engage employees with business growth
London-based removals firm Aussie Man and Van has been running a share scheme since 2004. At present, 30 members of staff are either shareholders or option-holders, representing 70% total equity.Charles Rickards, finance and marketing director at Aussie Man and Van, says: “We think involving key members of the business in ...
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ArticleSouthwest Airlines profit-sharing scheme pays out for 60,000 employees
60,000 employees at Southwest Airlines will be awarded a cumulative 12.2% of $667 million (£513 million), due to the organisation's profit-sharing scheme. All Southwest Airlines staff who were employed on or after 1 January 2019 have been automatically included in the organisation's profit-sharing plan, through which they are eligible to ...
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ArticleDaimler rewards 130,000 employees in Germany with profit-sharing bonus
Automotive manufacturer Daimler is rewarding 130,000 members of staff based in Germany with a one-time bonus, based on its latest financial year results and to recognise employees' hard work during 2019. Employees who have enrolled in the organisation's profit-sharing scheme will receive a bonus of up to €597 (£501) with ...
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ArticleStarling Bank awards shares to engage 800 employees with business success
UK digital banking organisation Starling Bank is awarding shares to all 800 employees following a successful investment from several investors, with a goal of allowing staff to benefit directly from business success. The organisation has raised £60 million from its existing investors, Merian Global Investors and JTC, which will bring ...
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ArticleBluefruit Software launches employee ownership trust
Cornwall-based technology organisation Bluefruit Software has given its 75 employees 51% ownership of the business, using an employee ownership trust (EOT). The transition was completed in December 2019, following which staff with three months tenure at the business received a tax-free bonus of up to £1,200 each. The transition process, ...
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ArticleDelta Air Lines pays out $1.6 billion in profit sharing to 90,000 employees
Air travel organisation Delta Air Lines is awarding its 90,000 employees with a cash bonus equivalent to two months' pay, following the strong business performance in 2019.Employees will receive the bonus through the organisation's profit sharing scheme, which is open to all global staff who are full-time, part-time or ready ...
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ArticleEmperor staff to own 67% stake under new employee-ownership model
Creative consultancy Emperor is transitioning to employee ownership through an employee ownership trust (EOT), affecting 200 employees in six locations across the UK and the Middle East.The move, announced on 21 January 2020, is part of the organisation's aim to become sustainable and people-focused, by directly involving employees in business ...
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ArticlePerega becomes employee-owned as part of corporate rebrand
Civil and structural engineering consultancy Perega has become employee-owned, after rebranding and changing its name from Thomasons as part of a move to overhaul its corporate brand identity, which includes strengthening its focus on employees and clients.Perega announced on 18 October 2019 that it had to an employee ownership trust ...
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ArticleTravel and Transport extends employee stock ownership plan to 160 UK employees
Employee-owned global travel management organisation Travel and Transport has extended its employee stock ownership plan (Esop) to its 160 UK employees, in recognition of the business' 73rd birthday.The Esop, which enables staff to acquire shares in the organisation, has been designed to mirror the profit-sharing plan that Travel and Transport ...
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ArticleFour-fifths of UK employees cite salary as important for their happiness at work
Around four-fifths (86%) of UK employees cite salary as the most important factor contributing to their happiness at work, according to research by Capita.The state of IT: The employee verdict, a report which surveyed 2,000 UK professionals who use a computer to access data and applications, also found that 75% ...
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Case Studies2Excel Aviation uses employee ownership trust to motivate employees
Aviation solutions business 2Excel Aviation was founded in 2005, when it comprised five people working on four aircraft. Since then, the organisation has grown to house approximately 170 members of staff across numerous sites, serving diverse sectors that include defence, agriculture, events and travel.In April 2018, following this period of ...
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AnalysisWhat value do employee ownership trusts bring to an organisation?
Need to know:Employee ownership trusts (EOTs) are an indirect form of ownership whereby the majority shares of an organisation are held in a trust on behalf of staff.Organisations controlled by an EOT are able to provide a tax-free cash bonus of up to £3,600 per employee per year.Moving to an ...
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OpinionBen Watson: The rise of the employee ownership model
Employee-owned businesses are relatively uncommon in the UK, but with several household names now embracing the concept, could there be reinforcements to the upward trend we have been seeing these last few years?There are many reasons why a business might consider employee ownership, such as creating too much competition for ...
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ArticleAsda employees receive £62 million through employee share scheme
Employees at supermarket retailer Asda have received a return from the organisation’s sharesave scheme, totalling £62 million. This affects approximately 25,000 members of staff. Sharesave schemes allow eligible employees to save directly from their salary over a set number of years, at the end of which they can either take ...
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Case StudiesCGI UK uses share purchase scheme to engage employees
Information technology organisation CGI UK uses an employee share purchase scheme to engage and motivate its 6,000 UK-based employees, creating an organisational culture of ownership and belonging.The share plan has been a facet of the global benefits package since the organisation was founded around 42 years ago, and was introduced ...
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Case StudiesThe benefits offered by CGI UK
The benefits offered by CGI UK:Pensions, pay and group riskA contract-based group personal pension (GPP), defined contribution (DC) scheme is used for auto-enrolment when employees reach two months of service. Minimum contributions are 9%, with at least 3% contributed by employees and 6% provided by CGI UK. This increases depending ...
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Case StudiesEuropcar Mobility Group uses share scheme to invest employees in business goals
Europcar Mobility Group houses 12,000 employees globally, with 2,400 in the UK alone. Having gone through a period of rapid growth following various acquisitions, the organisation decided to give employees the opportunity to benefit from the transformation and success it was working towards.In May 2019, the employer launched its new ...
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ArticleEXCLUSIVE: A quarter provide shares or share options to staff
EXCLUSIVE: Since 2018, there has been little change when it comes to the proportion of respondents that offer shares or share options to staff, according to research by Employee Benefits.The Benefits research 2019, which canvassed the views of 290 HR professionals and was published in May 2019, found that 25% ...