Staff must know risks of shares

first_imgEmployers must explain the risks as well as the benefits of new employeeshare plans to avoid disappointment, warns research by Towers Perrin. At least one million staff will be offered the chance to invest in theircompany on a tax-favoured basis, according to the report. The survey of 66 major employers reveals that 98 per cent are currentlydesigning share plans and intend to launch them within the next three to 12months. Mark Childs, global head of compensation at Fidelity Investments, warns thatHR departments will have to explain the negatives as well as the positives. He said, “The key thing about the new plan, which is different fromshare save schemes, is the investment risk employees will take on. Under thenew model, the employees carry the risk and if HR departments fail to reportthe risks and benefits then they will be at fault.” Related posts:No related photos. Comments are closed. Previous Article Next Article Staff must know risks of sharesOn 19 Jun 2001 in Personnel Todaylast_img

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