the plan is affordable
that it delivers on the objectives which the company set out
it motivates employees in a manner which the company would wish
it is legally compliant
it is communicated effectively
it can be administered without placing too large a burden on existing staff
it is tax compliant and where possible tax efficient
drawing up the scheme rules
agreeing the administration required
modelling the financial affordability of the plan and its costs
modelling the potential reward to employees
agreeing accounting treatment of any awards
communicating the plan to employees
collating acceptances and feedback from employees
arranging for the purchasing of shares which may require a trust arrangement
The aim of the company is to assist you in the implementation of any plans and help with the appointment of any third-party providers that are required. We look to make the process as quick and efficient as possible whilst ensuring that the important factors which are crucial to the success of any plan are fully explored.Our approach is to first of all look at the objectives of the company in terms of its reward offering and incentive structure. We then recommend the type of share scheme to adopt and some of the rules that they may wish to consider. Then look at the appointment of the appropriate third-party providers and assist in any competitive tender process by setting out the requirements of the client. Finally we will assist in drawing up the communication to employees and can either deliver or train up persons within the company to deliver the all-important communication.
