Employee equity product hits shores
NSP Buck has unleashed a new consulting division looking after employee equity participation.
The new division, called Equity Solutions, is the first of its kind in Australia and responds to recent trends emanating from the US.
NSP Buck executive director John Smith says in the past 10 years in the US, equity participation plans have become a dominant feature of employee remuneration.
Smith says in the next decade, he expects Australia to offer strong growth in demand for equity participation plans and for more sophisticated employee remuneration approaches.
NSP Buck general manager, Equity Solutions, Sharon Lie says Australian companies are recognising the shift in employee-employer dynamics and are keen to use equity participation to engage employees.
Lie says equity participation is a fast growing area and companies need to keep up in order to remain competitive. She says at this stage many companies are struggling to manage their plans that are done in-house, often at a huge expense to the business.
NSP Buck will provide a complete employee and executive share plan service, from initial design and technical legal and tax advice. It will also handle the implementation and communication of the plans along with administration and on-going management.
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