Global Technology Group launches sharesave in 11 countries
In September, the sharesave scheme was approved for over 3,300 staff with a further 9,929 eligible under the unapproved plan across 10 other countries, including China, Spain, the US, Singapore and Australia.
The Company state that retention was a key driver in launching the employee share scheme. "It is a good benefit for staff who are willing to stay at the company for three years".
Employees can make a saving of £5 and £250 a month for three years, with an option at the end of the savings period to use their savings to buy Invensys shares at a fixed discounted price. Alternatively, staff will be able to simply take their savings on maturity, plus a bonus. For UK staff, the shares and the bonus will be free of any income tax.
Including staff from other countries into these schemes is just as easy as for UK employees. Staff can simply join the scheme online or by telephone and all of the administration is completed quickly and effectively.
To find out how easy it is to set up a scheme for your employees, give us a call on 020 8949 5522.