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.
BT to allocate £50m shares to employees
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.
Richer Sounds founder hands over stake in company to employees
Staff at Richer Sounds will receive a £3.5m windfall after being given a 60% stake in the business.
Founder Julian...
Businesses are resisting worker representation on boards
Prime minister Theresa May’s aspiration for employers to have more workers in boardrooms appear to have been thwarted by organisations...
John Lewis bonuses hit lowest level since 1953
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.
John Lewis Partnership might not pay staff bonus for first time in 66 years
John Lewis Partnership may not pay its staff a bonus this year, despite having the funds to do so, as...
Labour plans compulsory employee share ownership
A future Labour government would require all companies with 250 or more employees to give shares to their workers worth...
How rethinking executive pay can act as a catalyst for change
Ahead of the introduction of executive pay ratio reporting regulations next year, Jason Stockwood looks at how CEO pay could...
Deliveroo plans to make permanent staff shareholders
Deliveroo has announced that it will make all permanent staff shareholders, in a move worth around £10m.
Gig economy
MPs...
Liberal Democrat manifesto: guarantees for EU workers and stricter corporate governance
The Liberal Democrat Party’s official manifesto has been released today and includes a raft of proposals around employment rights, equality...
Budget 2016: NI payable on termination payments, tax threshold rises
Chancellor George Osborne revealed few surprises in today’s Budget - on the one...
Could election spell the end for Shares for Rights?
Chris Tutton looks at how the coalition Government’s controversial Shares for Rights scheme has been used since its introduction, and...
Employee-shareholder contracts rarely used
“Employee shareholder”, the employment status introduced by the coalition Government for workers to waive certain rights in exchange for a...
The benefits and challenges of employee share incentives
Recent academic research looking into the impact of employee share ownership provides some fairly compelling data to support arguments that...
Employment status: Church of England clergyman can proceed with employment claims
In DLA Piper’s case report, the Employment Appeal Tribunal (EAT) allowed the appeal of a Church of England minister whose...
‘Employee-shareholder status’ law could have unintended consequences
The principles behind the Growth and Infrastructure Bill proposals to give employees shares in a firm at the expense of...
