More than one in four SME owners are working more than 50 hours a week with significant numbers putting in 60 hours a week or more, new research from MetLife Employee Benefits shows. MetLife’s nationwide survey of companies employing up to 250 staff shows the average hours worked a week by their owners is a…
Following on from the Chancellor’s announcement on 8 October that ‘employee-owner’ contracts are to be introduced by April 2013, BIS has published a consultation document providing further details of the proposals. Given that the expressed aim of the consultation is to ‘understand the implications for employers, individuals, and the labour market in general [and] ensure…
Government introducing new laws, including an optional ‘employee-owner’ status for companies to offer their workers. As part of a package to support growth, a consultation has been published today. It sets out plans for a new employment status called an ‘employee owner’. This will give workers a financial stake in their firm’s growth and success…
A majority (63%) of people in Britain think that the government’s proposal for owner-employee schemes is a bad idea, according to a YouGov poll. The employee-owner schemes were announced by Chancellor George Osborne in his speech at the Conservative Party Conference. This change in employment law would enable employees to receive between £2,000 and £50,000…