The Benefits Of Employee Share Schemes
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If you're looking for a way to encourage and retain good staff, consider an employee share scheme - but don't overlook the tax implications.
Employee share schemes are not as common in Australia as in some other advanced economies, but - says Michael Jones of Cummings Flavel McCormack - they can provide significant benefits for both employers and employees, by reducing the turnover of skilled and experienced staff, boosting productivity and encouraging innovation in cash-strapped start-up companies. There are tax implications, of course, but the system's under review at the moment by the Federal government - watch this space.
Topics: Accounting & Tax, Business Growth, Financial Management
Michael Jones, Cummings Flavel McCormack