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Success in the construction industry often hinges on having the right people in the right roles. Once you have those key individuals, how do you retain and incentivize them for the long term?
A well-structured reward system can provide a competitive edge. Efective share schemes can encourage employees to stay with the company and contribute to its success. Your approach will depend on your current stage of development and growth strategy.
Before choosing a scheme, consider:
Aligning the goals of the employer and employee is crucial for a scheme to succeed. We can help you navigate these considerations.
Share schemes are classified as tax-advantaged or non-tax-advantaged. Tax-advantaged schemes, recognized by legislation, ofer benefits like exemptions from income tax and national insurance.
At Biz Associates Ltd, we assist in evaluating the implications of each scheme to help you select the one that best suits your needs.
If you would like more information or would like to speak to us direct then call us on 020 8868 7700. Or if you would prefer, ask us a question online.