Employee share schemes Explained
Employee share schemes are made for employees. Alternatively they are called employee share purchase plans or employee equity schemes. These share schemes let employees buy shares in their companies.
Employee share schemes can sometimes let employees buy shares via employer loans, salary sacrifice over a period of six months or dividends from their shares.
There is employee equity schemes that let workers buy shares in full. These sorts of schemes will only give employees rights to share ownership or equity investment if the company is large. Smaller companies can only provide employee share schemes that pay dividends.
Buying these share plans can be very advantageous particularly in attracting, motivating and retaining your staff. When employees get their dividends they will benefit more and become more motivated.
These shares might have some tax benefits too, depending on an employee’s financial status. As well, there may not be a brokerage fee when joining the employee share schemes.
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