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Succession Plus CEO and founder Craig West spoke to Dynamic Business on how proposed legislative changes to employee share schemes (ESS) could bring major benefits to employees and business owners alike.
Craig described ESS plans as ‘designed to allow employees to buy equity in the business they work for, allowing them to benefit from both capital growth and income’.
Craig also provided insightful recommendations for how ESS plans could assist business owners in heightening staff retention, motivating staff and lowering the demand on cashflows.
‘It allows business owners to provide a different type of remuneration (non-cash) to attract, retain and motivate key employees,’ Craig said.
Read the full story: ESS legislations change good news for Australian startups – Dynamic Business
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