Employee-shareholders

An employee-shareholder contract is a type of employment contract that was introduced on 1 September 2013.

Employee shareholders are given shares in the business in exchange for foregoing certain employment rights, including the right to claim unfair dismissal (except where the dismissal is automatically unfair or discriminatory) and the right to receive statutory redundancy pay.

If the employer follows the right procedure, any employee or prospective employee of a company can become an employee shareholder.


Labour would create ‘Ministry of Employment Rights’

A future Labour government would create a ministry of employment rights and a workers’ protection agency, Jeremy Corbyn has announced....

BT engineer

BT to allocate £50m shares to employees

17 May 2019

BT is to distribute £50m in shares each year to staff as it sets out to improve customer service, alter its workplace culture and improve workforce morale.

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Richer Sounds founder hands over stake in company to employees

15 May 2019

Staff at Richer Sounds will receive a £3.5m windfall after being given a 60% stake in the business.
Founder Julian...

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boardroom

Businesses are resisting worker representation on boards

3 May 2019

Prime minister Theresa May’s aspiration for employers to have more workers in boardrooms appear to have been thwarted by organisations...

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John Lewis

John Lewis bonuses hit lowest level since 1953

7 Mar 2019

A slump in profits has seen the John Lewis Partnership cut its staff bonus to the lowest level in 66 years, the retailer has announced.

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John Lewis Partnership might not pay staff bonus for first time in 66 years

10 Jan 2019

John Lewis Partnership may not pay its staff a bonus this year, despite having the funds to do so, as...

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Labour plans compulsory employee share ownership

24 Sep 2018

A future Labour government would require all companies with 250 or more employees to give shares to their workers worth...

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How rethinking executive pay can act as a catalyst for change

20 Sep 2018

Ahead of the introduction of executive pay ratio reporting regulations next year, Jason Stockwood looks at how CEO pay could...

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Deliveroo plans to make permanent staff shareholders

17 May 2018

Deliveroo has announced that it will make all permanent staff shareholders, in a move worth around £10m.

Gig economy
MPs...

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Liberal Democrat manifesto: guarantees for EU workers and stricter corporate governance

17 May 2017

The Liberal Democrat Party’s official manifesto has been released today and includes a raft of proposals around employment rights, equality...

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budget-march-2016

Budget 2016: NI payable on termination payments, tax threshold rises

16 Mar 2016

Chancellor George Osborne revealed few surprises in today’s Budget - on the one...

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George Osborne announcing Shares for Rights in 2012. Photo: Bruce Adams / Daily Mail / REX

Could election spell the end for Shares for Rights?

17 Apr 2015

Chris Tutton looks at how the coalition Government’s controversial Shares for Rights scheme has been used since its introduction, and...

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HMRC has agreed only 350 share valuations in connection with employee shareholder status. Photo: Jeff Blackler/REX

Employee-shareholder contracts rarely used

9 Mar 2015

“Employee shareholder”, the employment status introduced by the coalition Government for workers to waive certain rights in exchange for a...

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Employee share incentives: John Lewis is well known for being owned by its workfoce. Photo: Geoff Moore/REX

The benefits and challenges of employee share incentives

20 Feb 2015

Recent academic research looking into the impact of employee share ownership provides some fairly compelling data to support arguments that...

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Cross

Employment status: Church of England clergyman can proceed with employment claims

3 Feb 2014

In DLA Piper’s case report, the Employment Appeal Tribunal (EAT) allowed the appeal of a Church of England minister whose...

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