The experts in Employee Share Ownership Plans

Succession Plus Founder and Chairman, Dr Craig West, completed his doctoral thesis on ‘Using Employee Share Plans for Business Succession’ in Australian SMEs. His holistic approach to ESOP implementation has made him widely recognised as one of the leading experts of Employee Share Ownership Plans in Australia. To read more about the benefits of an ESOP, download our Academic Research on ESOP Whitepaper here.

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Advantages of an Employee Share Ownership Plan as an owner.

  • You can attract and retain high calibre staff by offering a direct stake in the business.
  • When you want to move on from your business, an ESOPs can be an effective and efficient way to transfer ownership, compared to sale on the open market
  • You may be able to reduce tax obligations by making deductible payments into the plan.

What makes an ESOP attractive to employees?

  • Employees given the option of an ESOP can see their efforts at work crystalised into financial returns.
  • Work becomes more worthwhile and meaningful when operating as a co-owner and investor in the business.
  • Unlike commissions and bonuses, financial boons can be released as a liquid asset when it’s needed or most suitable from a tax standpoint.

How to set up an Employee Share Ownership Plan

Many private companies are surprised that they can offer employees shares without going through an IPO. The process requires a valuation before designing an ESOP that’s attractive to your employees as well as supports your business objectives.

Your Succession Plus Accredited Adviser will work with you to look strategically at operations and business goals, then fact-find with employees to determine the best Employee Share Ownership Plan (ESS) for your business.

Once a transparent and easy-to-understand plan is designed, your adviser will make sure employees are clear on what they are participating in, and the benefits they can expect. That can be through in-person or online training for your team, as well as ongoing maintenance of your ESOP plan and process. Our proven process ensures that the employee share ownership plan won’t become a headache for the business owner or its employees.

For more detail, read the free guide on Employee Share Ownership Plans which you can download below.

ESS Guidebook
BENEFITS

Our Employee Share Ownership Plan Benefits

Strategic

Your Succession Plus Accredited Adviser looks strategically at your business, as well as how you run it and the marketplace in which it operates, along with your employees. Considering these factors allows us to maximise the business’ value by providing recommendations on the best Employee Share Owndership Plan for your business.

Thorough

We will examine not only the financial aspects of the business, but also the non-financial/operational issues and the personal goals of the business owner to determine the best Employee Share Ownership Plan for your business.

Effective

We’ll work together to determine the best option for you as an owner, and for your employees then help you implement the Employee Share Ownership Plan within your business. We will ensure key employees are educated on the plan, and provide key information to your business to help deliver results.