All Sharesave/SAYE schemes articles – Page 2
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ArticleGovernment launches consultation on employee share schemes
The government has launched a consultation on non-discretionary tax-advantaged employee share schemes, including sharesave schemes and share incentive plans (Sips) as part of its aim to improve and increase their usage.The government is interested in hearing from stakeholders about whether the schemes are attractive to lower income earners in order ...
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ArticleSkout becomes employee owned
Cheshire-based B2B PR and communications agency Skout has become 100% employee owned through an employee ownership trust (EOT) to secure its long-term independence.The EOT now has a 100% controlling interest in the business, acting as a guardian of its values and culture, and ensuring its direction remains in employees’ best ...
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ArticleCardinal Global Logistics becomes employee owned
Manchester-headquartered logistics services business Cardinal Global Logistics has transitioned to an employee ownership model to mark 25 years in business.The business, which employs more than 400 employees, aimed to create an environment where every member of staff has the same opportunity to become a partner in its democratisation model, sharing ...
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AnalysisHow much value do employees place in holding equity in an organisation?
Interest in employee ownership and share schemes is increasing from employees.These schemes can be a great motivation and engagement tool by giving employees greater involvement in the business.The risk of demotivating employees can be mitigated by granting options in most share schemes, so if the value goes down they incur ...
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Case StudiesHorizon Platforms staff motivated by holding a stake in the business
Horizon Platforms motivates and engages employees through its profit share scheme and an employee ownership trust (EOT).The organisation, a national provider of powered access hire for cherry pickers, scissor lifts and more, currently employs 78 members of staff, which it allows to become beneficiaries of the EOT following six months' ...
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ArticlePrinciple Cleaning Services becomes majority employee owned
Principle Cleaning Services has transferred the majority of its shares to its 2,300 employees through the creation of an employee ownership trust (EOT).Founded in 1989 by executive chairman Douglas Cooke, the window cleaning business formed an EOT in order to secure its long-term future while creating an effective platform for ...
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ArticleThe top 10 most-read articles between 5 - 11 May 2023
The top 10 most-read articles on www.employeebenefits.co.uk between 5 - 11 May 2023 were: Stella McCartney and Herbert Smith Freehills shortlisted for Best pensions strategyThomas Cook completes £900m pension buy-inPam Group launches enhanced reward packageAmazon runs Welcome Day for employees returning to Seattle officeQuarter of businesses have seen increase in ...
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ArticleHIT Training becomes majority employee owned
Training and apprenticeships provider HIT Training has become employee owned through the creation of an employee ownership trust (EOT).The EOT, which will benefit the employer’s employees across its HIT Training, Connect2Care and Executive Development Network divisions, now owns 61% of the organisation on behalf of staff.All employees are eligible to ...
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ArticleCarreg Construction transfers to employee ownership
Welsh building contractor Carreg Construction has transferred to employee ownership 20 years after its foundation in 2003.The business, which employs 21 people, was founded by Andrew and Sue Phillips. Andrew Phillips agreed to stay on as director to help guide the development of the business alongside the employee ownership trust ...
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ArticleDaimler Truck awards profit share and appreciation bonuses
Credit: T. Schneider / Shutterstock.comGerman commercial vehicle manufacturing firm Daimler Truck has awarded eligible employees a €6,300 (£5,546) profit sharing bonus and a one-off appreciation bonus of €1,000 (£880).The bonuses were decided upon by the firm’s board of management and the General Works Council, and apply to 25,000 tariff-scale German ...
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AnalysisWhat role do share schemes play in the current economic climate?
While share schemes may not solve immediate financial worries, they can help boost long-term financial stability.Aligning staff with shareholders can improve motivation and engagement, reducing absence and turnover at a time when talent is at a premium.Proper communication of both the negatives and positives will help ensure staff get the ...
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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 ...