Employee Share Ownership Plans
An Employee Share Ownership Plan (ESOP) can assist your business to retain staff, improve performance, encourage employees to invest professionally in the business they work in and more closely align employees performance with company financial and business objectives.
ESOP design is critical to the success of your plan. PKF Australia forms a project team to ensure your business has the right expertise from the beginning and guide you through all legal, taxation and other regulatory issues.
To decide whether an ESOP is appropriate for your business, a business needs to consider its remuneration strategy.
An ESOP is a long term remuneration strategy. If your business is trying to achieve a result in a relatively short period of time, a short term strategy may be more appropriate. A short term strategy could include annual bonuses linked to business unit performance. ESOP’s and short term strategies do not need to be exclusive.
We can assist you to work through your design options and decide on the most appropriate ESOP for your business.