Employee Share Ownership Plans (ESOP or Schemes) have long been a way for businesses to truly engage their team members, while also allowing them to share in the economic value of the work they do. And announcements under the 2021/22 Federal Budget overnight have made it easier to offer Employee Share Schemes for Australian businesses.
An ESOP is one very valuable tool that we help implement as an element in succession planning for our business clients. Whether it be creating tangible ownership for team members, or helping align performance with key strategic and operational goals, this Plan or Scheme can genuinely drive greater value for your business.
Check out the run down from Succession Plus on the Budget changes to Employee Share Ownership Plans – Good, Better, Best