The objectives of employee share plans include growing value of the company and providing a mechanism to enable employees to share the increased value at some time in the future; and this is tied in with the need and the mechanism for retaining the best staff for the longest term possible.
For many small businesses, rewarding employees for a job well done can be somewhat daunting due to the FBT cost and tax complexities involved with providing any tokens of appreciation.
Well designed incentives.
This article addresses the role of reward systems in achieving organisation effectiveness.
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