Attracting and retaining key staff is one of the biggest issues facing companies in Ireland.
Many different perks and incentives are offered with this mission in mind: pensions, workplace gyms, flexitime, private healthcare plans, and various wellness-related programmes.
One area in which Ireland has tended to lag behind our European neighbours – and in particular the US – is that of share-based incentives. Some progress has been made in recent years, but we still have a long way to go before we fully embrace the many benefits that employee share award and share option schemes can bring, both for the individual and the company as a whole.
Government legislation and associated new Revenue rules have facilitated a modest expansion of this area in recent years, and while the business community continues to lobby for further progress, there is also an onus on individual companies to educate themselves on what the existing share incentives landscape can do for them and their employees. Evidence shows that employee share schemes correlate with increased engagement, improved performance, more commitment, and greater staff retention – all of which will add either directly or indirectly to a company’s bottom line.
Do you know how encouraging employee share ownership can impact positively your business in the short, medium, and long term?
At Global Shares, we have been managing employee share plans for some of the world’s biggest companies for more than 15 years, and so we know a thing or two about this subject. We’ve put together this guide as an introduction to the area, offering an overview of some of the most common share ownership schemes available to Irish-based businesses at this time. We’ll also pose some questions that you should be asking before proceeding, and identifying what type of plan tends to fit best with your business and the industry in which you’re operating.
To download the eBook, please register below.