Top five key takeaways: employee incentives webinar
Ian Graham and Mike Hayes answered questions asked by Esther Carder on bonus scheme structures, equity incentives and employee ownership trusts. Our team shares their top five takeaway points from the webinar below.
Five key points on employee incentives
1. Now is the ideal time to reassess bonus schemes. Bonuses should be linked to the contribution individuals or teams make towards profit.
2. Effective communication is key. Confidence in senior management and job security are two of the three things that employees value most highly.
3. Consider replacing your existing options if the value of the company has fallen as a result of the Coronavirus.
4. Do not amend an existing option agreement; release the old agreement and enter into a new one.
5. A sale to an employee ownership trust can be an attractive alternative to a third-party sale or a management buyout.
Contact us
If you would like to contact a member of the team, please get in touch with your usual Moore Kingston Smith contact or email pd@mks.co.uk.
Resources
- Employee ownership trusts
- Media agencies: cash flow and funding – ensure yours is fit for the longer term
- Professional firms
- Architects