All Sharesave/SAYE schemes articles – Page 14

  • Rowan Gormley
    Article

    Majestic Wine CEO shares bonus with staff

    2016-07-27T10:58:57Z

    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, ...

  • Starbucks
    Article

    Starbucks enhances pay and benefits package for US staff

    2016-07-12T10:25:03Z

    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 ...

  • Sports Direct
    Article

    Sports Direct to review bonus arrangements

    2016-07-08T11:33:20Z

    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, ...

  • Referendum
    Article

    EU referendum 'leave' vote expected to impact workplace benefits

    2016-06-24T11:06:34Z

    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 ...

  • 2016 Benefits Research - Lifetime Isa
    Article

    EXCLUSIVE: 79% do not expect their organisation will contribute to the lifetime individual savings account

    2016-06-13T09:58:29Z

    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 ...

  • Gabbi Stopp
    Article

    Employees saved £156 a month into sharesave schemes in 2015

    2016-06-08T10:48:12Z

    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 ...

  • Graeme Nuttall Fieldfisher
    Article

    Formation Architects launches employee ownership trust

    2016-06-02T08:00:52Z

    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 ...

  • annecroft
    Opinion

    Raoul Parekh and Anne Croft: What could Brexit mean for share schemes?

    2016-05-31T14:20:00Z

    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 ...

  • Chobani CEO gives shares to staff
    Article

    Chobani CEO gives shares to 2,000 staff

    2016-04-29T08:25:27Z

    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 ...

  • Graeme Nuttall Fieldfisher
    Article

    Wimberly Allison Tong and Goo launches employee ownership trust

    2016-04-18T11:02:36Z

    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 ...

  • Stephen Chater
    Opinion

    Stephen Chater: Share schemes offer significant tax incentives

    2016-03-16T16:43:39Z

    Typically, an organisation’s choice of employee share scheme will depend on the degree of employee share ownership that it wishes to introduce. One employer might want only key people to own shares, whereas another might prefer all employees to become part-owners of the business by introducing an all-employee share scheme.Various ...

  • PCA Predict
    Case Studies

    PCA Predict offers share scheme to motivate staff

    2016-03-16T16:41:45Z

    PCA Predict provides address validation technology used on e-commerce sites, for customers that include Tesco, Dow Jones, and Disney. The organisation, which has offices in Worcester and New York, and employs over 55 members of staff, offers an enterprise management incentive (EMI) scheme.The EMI scheme was chosen as a way ...

  • PCA Predict
    Analysis

    How to identify the best type of share plan for an organisation

    2016-03-16T16:23:00Z

    Need to know:Employers need to choose the employee share scheme that matches their business objectives and the interest and eligibility of those they hope will sign up to it.The number of new shares that can be issued under employee share plans will have a limit, so employers should ensure the ...

  • Pay-Thinkstock-20141
    Article

    Government limits capital gains exemptions for employee shareholder status

    2016-03-16T16:11:49Z

    Budget 2016: The government is imposing an individual lifetime limit of £100,000 on gains eligible for capital gains tax exemption through employee shareholder status.This will apply to employee shareholder status arrangements entered into from 17 March 2016. It will not apply to existing arrangements.The limit was announced by Chancellor George ...

  • Henry Engelhardt-Admiral-2016
    Article

    Admiral Group rewards employees with free shares

    2016-03-04T11:04:57Z

    Admiral Group has given each of it 8,000 employees £3,600-worth of free shares through its employee share scheme.The motor insurance firm rewarded its staff with the free shares after achieving a record profit before tax of £377 million in 2015, 6% higher than in 2014.The employee share scheme has been ...

  • Jacobs Lynette-Pinset Masons-2016
    Opinion

    Lynette Jacobs: Employers need to determine their objectives in extending a share plan internationally

    2016-02-15T16:35:26Z

    Extending a share plan internationally is no longer an exception and the considerations for a small organisation extending participation into three jurisdictions and a multinational group operating a plan in 80 countries will be the same.The employer should first determine its objectives in extending the plan overseas, typically to strengthen ...

  • Evraz-share plans-2016
    Case Studies

    Evraz offers share plan to Russian employees

    2016-02-15T16:33:14Z

    Steel, mining and vanadium business Evraz offers employee share plans to its 105,000 employees in Russia, Ukraine, the US, Canada, the Czech Republic, Italy, South Africa and Kazakhstan.In Russia, the organisation has offered a long-term incentive plan (L-tip), administered by Computershare, since 2012. Employees are able to access details of ...

  • Evraz-share plans-2016
    Analysis

    How to offer a share scheme internationally

    2016-02-15T16:29:47Z

    Need to know:Any employer looking to roll out a share scheme internationally will need to conduct a thorough analysis and overview of the legal and tax regulations of the country it is looking to expand into.Some countries may have a more advanced savings culture than others or different economic ...

  • Article

    6: Tax and legislation: How will the Autumn Statement affect workplace benefits?

    2015-12-23T15:47:00Z

    Chancellor George Osborne delivered the 2015 Autumn Statement and Spending Review on 25 November, which included announcements that will impact the future of employee benefits.PensionsThe next two phases of minimum pension contribution rate increases under auto-enrolment are to be pushed back to coincide with the tax year. The minimum contribution ...

  • Asda-share plan-2015
    Article

    BT, Asda and Holiday Extras awarded for employee share plans

    2015-12-03T12:22:12Z

    Asda, BT and Holiday Extras are among the organisations recognised for their employee share plans at the 2015 IFS Proshare Awards.The awards recognise outstanding and innovative workplace share schemes that have bolstered employee participation in the past year.Asda was recognised for its effective use of technology, while BT was awarded ...