Irish Budget 2018 reveals ”KEEP” – a new Employee Engagement Programme!
Ireland’s Budget 2018 has announced a new Key Employee Engagement Programme (KEEP) for Small and Medium-Sized Business to help SMEs attract and retain key employees.
In his speech Minister for Finance, Public Expenditure and Reform, Paschal Donohoe, TD said:
“Research has shown that employee financial participation can be effective in increasing competitiveness and helping companies to attract and retain staff in a competitive labour market”
The new KEEP will promote the use of a share-option incentives for Ireland’s 240,000 SMEs who employ more than 1.3 million people. The move has been welcomed by both the Irish ProShare Association (IPSA) and the Small Firms Association (SFA) as ”a step in the right direction”.
The full details of KEEP will be available next week when the Government Finance Bill will be published.
“KEEP is great news for Irish SMEs, who will finally be able to provide key employees with a financial incentive linked to the success of their company and help them compete against larger companies for talent. Employees can look forward to advantageous tax treatment on their share options and enjoy the many positives of employee ownership – improved engagement, recognition, motivation, productivity & financial benefits. Global Shares looks forward to seeing the full details of KEEP and to working with the SME sector to consult and support them as they grow and reward their key employees” – Tim Houstoun, CEO Global Shares
A Global Shares “KEEP” Webinar will take place following the Finance Bill publication to examine the full details of this new initiative. If you would be interested in joining, please contact us below:
For more information:
Seán Quill, Global Shares Managing Director Ireland |
E: firstname.lastname@example.org | Mobile +353 (0) 87 6098543
Aisling Riordan, Marketing & PR Manager |
E: email@example.com | T: +353 (0)23 8833 062