Kindred Group has launched an All Employee Share Plan, under which the company is planning to give its employees, the real stake in the company.
The plan is to run for a period of two years under which the company will provide share ownership to its employees. A similar AESP was launched in the year 2017 as well.
As per Gambling Insider, Kindred Group Chief Human Resources Officer Gavin Hayward said: “Our people are our most valuable asset and we want to ensure that current and future team members share in the success of Kindred Group. We have committed to make a new share award every year for the next three years in line with our current strategic cycle for the business. We hope this will engage and motivate our employees, and demonstrates our long-term commitment to customers and shareholders.”
He added: “We are aware that other competitors have introduced employee ‘save as you earn‘type share schemes, which provide the opportunity for employees to purchase discounted shares but we genuinely believe that our AESP is a unique and special benefit which aligns employees with Kindred’s performance, provides them with an opportunity to be shareholders themselves in the company and really differentiates our employee proposition from that of our competitors”
Kindred’s executive management team is not the part of the said scheme.