Australian Employee Share plan of the year !
We are very pleased to advise that our client L J Hooker Commercial Central Coast has recently won the award for the ESOP of the year ( under 200 employees ) in the Australian Employee Ownership Association -Employee Share Plan of the year awards.
The business has had a Peak Performance Trust for nearly 4 years and have recently added new key personell to the plan. As highlighted below, as well as rewarding key staff with an equity based incentive the plan also has the following benefits: “The succession plan offers another dimension and long term outlook for key staff that often they never get. The result is truly a WIN / WIN outcome for exiting owners who want the best for the business and to achieve the best sale price for the asset, and for their employees – the people they need to make the results consistently improve.”
In summary, director, Ty Blanche concludes “We have created a more understanding team of people, and added value to the individual’s performance congruently.”