The new All Employee Share Plan (AESP) will run over a two-year performance period, and follows on from the AESP that was launched in 2017.
The scheme will be available to all current and future permanent employees of Kindred Group, with the exception of those on Kindred’s Executive Management team.
“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,” said Kindred Group Chief Human Resources Officer Gavin Hayward.
“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.”
Shares will be awarded in line with Kindred meeting its performance objectives, with the group revealing that a previous AESP (2017-2021) achieved a 70% increase in value for employees.
“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,” added Hayward.
