{"id":127195,"date":"2020-02-19T00:00:00","date_gmt":"2020-02-19T00:00:00","guid":{"rendered":"https:\/\/gs:8890\/academy\/employee-share-schemes-the-no-brainer-way-to-grow-your-business\/"},"modified":"2020-02-19T00:00:00","modified_gmt":"2020-02-19T00:00:00","slug":"employee-share-schemes-the-no-brainer-way-to-grow-your-business","status":"publish","type":"post","link":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/insights\/employee-share-schemes-the-no-brainer-way-to-grow-your-business\/","title":{"rendered":"An Employee Share Scheme \u2013 the no-brainer way to grow your business"},"content":{"rendered":"

If you\u2019ve been listening to the news recently, you\u2019ve probably been hearing more and more about employee share schemes. <\/em>Budget 2020 made substantial steps towards making them more widely available in Ireland \u2013 it\u2019s big news because employee share schemes make both employees and <\/em>employers equally happy. Employee share schemes benefit everybody.<\/p>\n

So, what are the benefits of an employee share scheme?<\/h2>\n

There are plenty of reasons that employees love an employee share scheme. The main reason is in there in the name \u2013 employees get shares in the company. In turn, this results in higher pay and more savings for employees.<\/p>\n

But it doesn\u2019t hurt your bottom line. In fact, an employee share scheme is a great way to free up capital. The cost of setting up the plan is allowable for corporate tax purposes, and it\u2019s a bonus that you don\u2019t pay employer PRSI on. Not to mention, the annual dividends can be used to raise that bottom line a bit higher, making your company more resilient. According to research, companies with employee ownership perform better in times of economic downturn.<\/p>\n

And owning shares in the company means that an employee\u2019s contribution to the company has a direct connection with their own benefits. For you, this means better employee performance, satisfaction and motivation. Suddenly, all your employees are thinking and planning like business owners and management.<\/p>\n

What are the best steps to take?<\/h2>\n

Any employee share scheme<\/a> can do these things \u2013 but you can use your<\/em> scheme to take things to the next level.<\/p>\n

For example, getting your employees involved in the planning stages of your employee share scheme is a game-changer. Many companies have already designed and rolled out their plan by the time they start hearing any feedback \u2013 only to discover that the employees would\u2019ve preferred a different setup. As a result, they\u2019ve set themselves up for failure.<\/p>\n

If you get your employees involved early, however, not only do you guarantee your employees are going to love your plan, but you\u2019re also helping to reinforce the fact that their voices matter \u2013 that they are heard. Simply becoming an employee-owner will make a great start towards this, but when you actively listen to your employees, they start to see employee ownership in action. Besides, when it comes time to launch your scheme, you\u2019ll have an entire network of employees who already understand the plan and its benefits, and are eager to share this information with their colleagues.<\/p>\n

These benefits for your employees are all equally beneficial for you and your company. That\u2019s the best thing about employee share schemes \u2013 they reverse the standard order of things. It used to be that companies had to cut benefits for their employees in order to make their company more resilient and flexible. Now, with employee share schemes, they achieve better results, while making their employees even happier.<\/p>\n

How can you roll out an employee share scheme?<\/h2>\n

But you can\u2019t do it alone. You need the software to manage your plan effectively, to ensure your participants can get the maximum benefit out of their plans. Not only that, but if you’re using an employee share scheme to help your business grow, then you need the administrative support to ensure your scheme grows along with you and stays on track. If you want to keep your employee share scheme as no-brainer as possible, contact Global Shares for a no-commitment demo.<\/p>\n

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If you\u2019ve been listening to the news recently, you\u2019ve probably been hearing more and more about employee share schemes. Budget 2020 made substantial steps towards making them more widely available in Ireland \u2013 it\u2019s big news because employee share schemes make both employees and employers equally happy. Employee share schemes benefit everybody. So, what are […]<\/p>\n","protected":false},"author":3,"featured_media":127196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[569,553],"tags":[554,556],"class_list":["post-127195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ceos-founders-ie","category-employee-share-stock-plans-ie","tag-see-all-ie","tag-equity-explained-ie"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/posts\/127195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/comments?post=127195"}],"version-history":[{"count":0,"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/posts\/127195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/media\/127196"}],"wp:attachment":[{"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/media?parent=127195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/categories?post=127195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jpmorganworkplacesolutions.com\/ie\/wp-json\/wp\/v2\/tags?post=127195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}