The Board at Price Bailey accountants has made history in the professional services arena by offering its 300 employees a stake in the firm.
Each employee with more than one year’s service, irrespective of their grade, will receive 25,000 shares in the firm at a value of approximately £250. It is predicted that the shares will increase in value in the region of 10 percent per annum and it is likely that an annual dividend will also be paid.
Price Bailey Managing Director, Martin Clapson, believes the share scheme will help to further promote an environment where people feel valued and appropriately rewarded and can help drive the business forward through a higher sense of inclusion, involvement and reward.
Price Bailey has gone from strength to strength recording one of its highest ever profits in the 2015 financial year. Announcing the scheme, Martin Clapson said: “We know we have excellent relationships with our clients, with many having been with us for more than 10 years. However, what enables these close professional relationships are the people at Price Bailey who, through their hard work and dedication, have made Price Bailey the leading Firm that it is. I wanted to formally recognise their valuable contribution by giving them a share in the Firm, to ensure that we harness the best ideas and retain our people, whether they are in support functions, management or a fee earning role.”
Price Bailey currently offers a wide range of innovative benefits from a confidential employee helpline through to a number of benefits, many available through salary sacrifice, often associated with much larger companies.
Martin added, “This represents a real milestone in the long history of Price Bailey and I’m proud to refer to all Price Bailey employees as shareholders.”