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A rewarding job
Key points
- Following the Covid-19 pandemic companies increasingly rely on share schemes in their remuneration and employee retention strategies.
- The ‘go to’ scheme for SMEs will be an enterprise management incentive.
- Growth share scheme will be most appropriate for companies facing funding issues.
The Covid-19 pandemic affected all aspects of life with how we work being altered overnight. Remote working became the standard and people were left with more time to re-evaluate their careers and personal goals. But for companies this has meant that employing and retaining talented staff has never been more important.
As a result we have seen an increase in companies seeking to use share schemes in their remuneration and employee retention strategies. When properly implemented a share scheme can be an excellent tool to motivate employees while also remaining cost and tax-effective for both parties.
Often the ‘go to’ scheme for...
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