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Thursday, 27 September 2012

Employee share plans 'have positive outcomes for employees and employers'

Employee share ownership schemes can help to make staff members more motivated and committed to their employer, according to new research.

A four-year study undertaken by Loughborough University found that three quarters of those who tapped into such strategies received a boost in employee engagement.

Save as You Earn (SAYE) – also known as Sharesave or Savings Related Share Option Schemes – is the most widely used plan and has received plenty of praise in the Loughborough University research.

For example, 71 per cent of SAYE participants who took part in the university's study said that they were more likely to consider the cost implications of their actions.

On top of this, 66 per cent of those who tapped into this employee share ownership plan then produced a higher quality of work.

John Collison, head of employee share ownership at ifs Proshare, commented: "This research provides further evidence that employee share plans can deliver positive outcomes for employees and employers alike – even during financially challenging times."

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Posted by Nikki BarristerADNFCR-1617-ID-801455551-ADNFCR

Hat Tip To: Salespeak News

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