Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Latest NewsPay & benefitsSave As You EarnShare options

FirstGroup staff look forward to a share of £4m ‘save as you earn’ bonus

by Mike Berry 5 Feb 2007
by Mike Berry 5 Feb 2007

Bus and rail operator FirstGroup has announced more than 1,500 of its staff are set to share £4m through gains made in the company’s save as you earn (SAYE) scheme.

Chief executive Moir Lockhead said: “We’re delighted that, as part of their total reward, so many of our people have benefited from SAYE this year, and that they are able to enjoy a very real share in the success of FirstGroup.”

Since 2002, FirstGroup has offered staff annual opportunities to join its SAYE schemes. Members save for a fixed term and can then use their savings, plus a tax-free bonus, to buy shares based on the market price at the beginning of the savings period, discounted by 20%.

The company also offers a ‘buy as you earn’ share incentive plan, which gives colleagues the opportunity to buy company shares from their gross pay.

At present, more than 12,000 FirstGroup workers, most of whom work as bus and train drivers, engineers or on-board staff, are members of the company’s share schemes.

Avatar
Mike Berry

previous post
BT reaps 20% productivity increase from flexible working, despite resistance from some line managers
next post
Burberry drops Bafta party sponsorship in face of Welsh factory closure protest

You may also like

Employees resigning in 2022: Survey shows ‘great resignation’...

24 May 2022

Tube strike on 6 June to see 4,000...

24 May 2022

Navigating the widening “Skills Confidence Gap” in 2022,...

24 May 2022

The Search for Talent: Six Major Employer Pitfalls

24 May 2022

Top 10 metrics HR leaders are using today...

24 May 2022

Hybrid working trends: ONS data on where people...

23 May 2022

Aspers casino cashier excluded by colleagues wins £75k...

23 May 2022

NHS should upskill admin staff to reduce waiting...

23 May 2022

Pay gap between CEOs and employees set to...

23 May 2022

Plan to enforce minimum service during rail strikes...

23 May 2022
  • The Search for Talent: Six Major Employer Pitfalls PROMOTED | The Great Resignation continues unabated...Read more
  • Navigating the widening “Skills Confidence Gap” in 2022, and beyond PROMOTED | Cornerstone OnDemand conducted a global study...Read more
  • Apprenticeships are the solution to your recruitment problems PROMOTED | Apprenticeships have the pulling power...Read more
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...Read more
  • Why now is the time to plug the unhealthy gap PROMOTED | We’ve all heard the term ‘health is wealth’...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+