All Sharesave/SAYE schemes articles – Page 9
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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 ...
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ArticleWoolworths Group rewards 100,000 employees with shares
Australian retailer Woolworths Group is giving 100,000 employees in Australia and New Zealand group shares to reward them for their efforts during the Covid-19 (Coronavirus) pandemic.Full-time employees that were employed by the organisation before 1 March 2020, and who do not already participate in its short-term incentive schemes, will receive ...
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ArticleMcGee launches employee ownership trust
Engineering business McGee has become an employee-owned organisation through an employee ownership trust (EOT).The move means McGee's 350 employees now have a responsibility in controlling shares within the business.Recognising employees has been a core value of McGee, so transitioning to employee ownership was seen as a natural next step.Tom McGee, ...
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ArticleDaily Mail and General Trust offers 2,400 employees shares to avoid pay cuts
Daily Mail and General Trust (DMGT,) parent organisation to DMG Media, has offered 2,400 employees shares within the business.The senior management team is offering this alternative approach to employees working within its group of businesses including Daily Mail, Metro, and MailOnline, to avoid making redundancies or furloughing employeesEmployees earning £40,000 ...
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OpinionMalcolm Hurlston: Share schemes must present attractive returns to engage younger employees
If early assessments of Generation Z are on the money, they will be like chalk to the Millennial cheese, leaving employers with the most interesting communications challenge they have ever faced with young people.Gen Z appear to be old before their time, the first generation ever to be thinking about ...
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OpinionZoe Denny-Thomas: Engaging younger staff with share plans should be a key goal
Engaging the different generations in the workplace is always a hot topic, and there is increasing evidence that take-up of share plans among younger employees is disproportionately lower than their older colleagues. However, this is not necessarily a sign of disengagement with their employer. In 2017, Proshare produced a report, ...
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AnalysisHow can employers engage younger employees with share schemes?
Need to know:With job-hopping becoming the norm, share scheme models may have to adapt to provide earlier payments to more immediately engage younger employees.Clear and constant communication is needed to ensure staff have bought into the scheme, and in turn, the objectives of the business.Share schemes can be an active ...
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ArticleGovernment to launch review of enterprise management incentive scheme
Budget 2020: Chancellor of the Exchequer Rishi Sunak announced on 11 March 2020 that the government will launch a review into enterprise management incentives scheme (EMI).The EMI scheme is a tax-advantaged share option scheme designed for smaller businesses, enabling them to reward staff with equity participation. The review will aim ...
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ArticleJohn Lewis Partnership employees receive 2% profit-sharing bonus
Retail organisation John Lewis Partnership is awarding a 2% bonus to its 83,000 employees, as a result of its 2019/2020 profits.The payout, which is due to the organisation's profit-sharing scheme and was announced to employees today (5 March 2020), paid employees 3% of their salaries in 2018/19; the dip this ...
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Case StudiesBarratt Developments uses benefits package to attract and retain talent
One of the most significant challenges for housebuilding organisation Barratt Developments is attracting and retaining talented people against the backdrop of a major skills crisis in the construction industry.Influenced by the government’s commitment to build 300,000 new homes every year, an ageing workforce, and a lack of younger skilled employees ...