Why you're missing out on employee share schemes

As skills shortages bite harder, businesses across wide-ranging sectors face tough competition to recruit and retain top talent.

That’s according to Paul Trudgill, Managing Partner of law firm hlw Keeble Hawson. Speaking to Executive Grapevine, Trudgill reveals why businesses should consider employee share schemes as an opportunity for staff engagement and incentivisation.

“In recent years, we have witnessed how more companies are offering employee share schemes and other share related incentive arrangements to help them sustain their competitive advantage,” he explains.   

“Enterprise Management Incentive (EMI) schemes - set up with small and medium size enterprises in mind - enable companies to grant key employees options to acquire a stake in the company. These options can be exercised in a variety of circumstances to suit the individual company - including the exit of existing shareholders or where the option holder achieves an agreed set of targets.”