FINANCIAL PARTICIPATION
New share plan a "resounding success" says Towers Perrin
As many as one million employees will be offered the opportunity to invest in their own company on a tax-favoured basis under the recently launched all employee share ownership plan, according to research by management consultants Towers Perrin.
A survey of 66 major UK businesses by Towers Perrin suggests that the vast majority are currently designing new plans and intend to launch them within the next 12 months.
"Given the interest to date, this research supports the view that the government’s new share plan is likely to prove a resounding success," says Towers Perrin.
Good news for UK economy
The government’s share ownership initiatives are part of Labour’s commitment to boost productivity, advance the stakeholding society and promote a US-style enterprise culture in which "everyone contributes and everyone benefits from success".
Damian Carnell of Towers Perrin says: "There is plenty of evidence that share plans help with productivity, employee morale and engagement, but for companies to maximise the benefit they must get a clear message across to employees. Most importantly, how the plan works, why it has been introduced and how the employee can maximise the benefit."
Want to know more?
For further information contact Damian Carnell, a principal in Towers Perrin’s London office, tel: 020 7806 6440. To find out more about Towers Perrin visit www.towers.com.