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What is an Employee Ownership Trust and what does this mean for us!

In 2014, the UK Government introduced the Employee Ownership Trust initiative, which aims to promote employee ownership by providing businesses with tax incentives to transfer ownership to employees. Under this model, all employees have a “significant and meaningful” stake in the business, which offers numerous advantages for both the employees and the company. Notably, employee ownership provides employees with a greater say in the direction and operations of the company, which is a significant benefit for employees, our clients and the business.

It’s well reported that EOTs often see greater engagement and greater productivity in their workforce with median productivity increasing to 9.4%, more than double the UK average, which ultimately results in better outcomes and results for our clients and for our business. Moving to an EOT also highlights to potential clients, candidates, and business partners that our business valuables its team and isn’t being driven solely in one direction.

As Remarkable Jobs moves forward, the business’s ultimate goal is to continue growing in every aspect, including headcount, turnover, profit, and rewarding those responsible along the way. With the move towards employee ownership, we know the business is in safe hands and poised to achieve these goals while creating a more engaged and committed workforce!

Our Founder and Managing Director, Natasha Bye, said: “I believe in rewarding those who have been instrumental in the growth of Remarkable Jobs over the past decade. Giving our employees accountability for their own aspirations and careers within the company was a priority. With an Employee Ownership Trust, we can accelerate growth while protecting our team, which is extremely important for us. Moving forward, every employee will have a voice, bringing new ideas, perspectives, and passion to the table.”

#employeeownership #employeeappreciation #EOA #EOT #recruitmentagency