Incentivise Staff:

How to Keep and Incentivise Staff – The Employee Shareholder

What is it and where does it come from? The Chancellor, George Osborne, announced proposals for a new type of employee ownership arrangement. The suggestion was that employees would give up some of their statutory employment rights (see below for more details), in particular the right to claim unfair dismissal and the right to a statutory redundancy payment, in exchange for shares in their employing company as a way to provide more flexibility to employers to secure the right staff. Employers can offer employees £2,000 worth of shares (free of tax and NI) and there is a capital gains tax… read more