Employers can design their own employee share schemes, but most use of favourable tax treatment available through the four HM Revenue & Customs-approved schemes: sharesave (SAYE), share incentive plan (Sip), company share option plan (Csop) and enterprise management incentive (EMI). Executive share option plans (including long term incentives – Ltips) are used for very senior employees.
20,000 staff to receive £8,400 on average.
The organisation is now 100% owned by its employees
EXCLUSIVE: 2,800 global staff have joined the plan.
Changes come in from 6 April 2014.
Two sharesave schemes matured on 3 February.
Strategic outsourcing organisation seeks to align reward.
Doubling savings limits will attract greater diversity of employees.