Employee share ownership plans and why are they becoming so popular

The ability to attract, retain, motivate and incentivise people to key performance is a major source of competitive advantage.

Ask yourself, what incentives do I offer my high-performing employees?

Using an equity-based employee incentive plan like an Employee Share Ownership Plan (ESOP) is your secret weapon to attracting, retaining and rewarding outstanding talent.

An ESOP can engrain an ownership mindset in your employees, increase employee engagement and performance, as well as preserve your business for future succession.

First 5000 partner Succession Plus is offering you the opportunity to earn 50,000 bonus Qantas Points when you purchase and complete an Employee Share Ownership Plan.

Employee Share Ownership Plans (ESOPs): Attract, Retain, and Reward Key Employees

Employee Ownership is a great way to align your employees interests with yours and make them think and act like business owners.

Through an ESOP, you can create a committed team that is single-minded about working toward and sharing the benefits of a successful and profitable business.

Plus, an ESOP can not only increase productivity and maximise employee retention, it can also be used as part of an owner’s exit strategy.

ESOPs carry an extensive list of perks – from employee incentives to business continuity. Research proves that ESOP companies have improved performance, higher profits, and better staff retention. Be one of them!