Skip to content
Employee Benefits
  • News
  • Jobs
  • Tax & Legal
  • Benefits
  • Events
  • Suppliers
  • Email sign up
Search Login / Register Primary Menu
Close
or Register
news Share schemes Share schemes

Participation in share plans motivates staff

By Jennifer Paterson 1st September 2012 12:00 am 6th April 2017 3:40 pm

Three-quarters (75%) of respondents who participate in a share plan were more motivated and committed to their employers, according to research by Loughborough University.

The research, which took data from 1,500 employees in an HM Revenue and Customs- (HMRC) approved share plan, was commissioned by BT, IFS Proshare and PricewaterhouseCoopers (PWC).

It also found:

  • 60% of respondents said that participating in a share plan had given them a greater level of knowledge and understanding of how to manage their money.
  • 66% of sharesave participants were more likely to produce better quality work.
  • 50% said participation in an all-employee share plan would ensure they remained with their current employer for longer than they otherwise would.

John Collison, head of employee share ownership at IFS Proshare, said: “This detailed research provides further evidence that employee share plans can deliver very positive outcomes for employees and employers alike, even during financially-challenging times.

“The benefits to the wider economy are significant and we hope policymakers therefore take note of the findings, especially as the Chancellor is currently reviewing HMRC-approved share plans.”

Carol Dempsey, tax partner at PWC, said: “Employee share plans increase engagement and motivation and contribute to company success.

“We urge the government to take this research on board and follow through recent initiatives to the operation of share plans and make it easier for all employees to participate. Greater employee share ownership could help improve productivity and drive UK economic growth.”

Xavier Rolet, chief executive at London Stock Exchange Group, added: “Staff retention, commitment and performance can all be impacted by equity ownership and this research highlights that many employees would not have bought shares if they were not given the opportunity to participate in an employee share plan.

“Equity participation is vital for a successful and thriving economy, helping promote entrepreneurship, business growth and ultimately job creation.”

news Pensions

Asda focuses on auto-enrolment administration

26th September 2012 9:14 am 3rd November 2015 5:33 pm
Employee Benefits Insight

Debi O’Donovan: Relaunched website lets you dig deeper

24th September 2012 7:55 am 3rd November 2015 5:34 pm
news

Towers Watson launches in to Portugal

20th September 2012 11:49 am 3rd November 2015 5:33 pm
Opinion

Chris Jessop: Health moves up agenda

24th September 2012 7:55 am 3rd November 2015 5:34 pm
news Pensions

50p pensions compliance product

27th September 2012 12:35 pm 3rd November 2015 5:33 pm
Sign up for the leading independent source of news and expert analysis delivered straight to your inbox. Sign up
Latest ArticlesComments
news Pay strategy

Aldi gives distribution centre staff up to 9% pay rise

15th August 2022 11:14 am 15th August 2022 11:14 am
news Mental health resilience

Jet2 rewards employees with four extra annual leave days

15th August 2022 11:09 am 15th August 2022 12:28 pm
People Moves Global reward

Wise recruits new chief people officer

15th August 2022 9:00 am 15th August 2022 9:15 am
news Total reward

The top 10 most-read articles between 4 – 10 August 2022

12th August 2022 12:31 pm 12th August 2022 12:31 pm
  • Cancel reply

    Threaded commenting powered by interconnect/it code.

Explore

  • Email sign up
  • News
  • Benefits
  • Analysis
  • Supplier network
  • Events
  • Jobs
  • Video
  • Buyer’s guide
  • Case studies
  • Opinion
  • Industry sectors
    • Building & Construction
    • Charity / Voluntary
    • Financial Services
    • Healthcare
    • Industry
    • Leisure
    • Logistics
    • Manufacturing
    • Media
    • Pharmaceuticals
    • Professional Services
    • Public Sector
    • Retail
    • Technology / telecommunications
    • Transportation
    • Utilities
  • Digital editions
  • Contact us
  • About Employee Benefits
  • Twitter
  • LinkedIn
  • About Employee Benefits
  • Contact us
  • Cookies
  • Privacy
  • Website Terms and Conditions

Copyright @ 2021 DVV Media HR Group Ltd

built by Bournemouth Digital

DVV Media HR Group Limited. Registered in England and Wales no. 6776955.

Registered office 1st Floor Chancery House, St Nicholas Way, Sutton, Surrey SM1 1JB