Chris Thorpe looks at some under-utilised remuneration methods potentially available to companies, in particular the enterprise management incentives scheme.
A common scenario, particularly among smaller businesses, is where there’s a bright individual within the workforce: someone on whom the business has come to rely; someone whose presence really makes a difference. What’s stopping them from leaving? Hopefully, they have such a good boss the thought wouldn’t enter their head; but what if they’re so good there’s a strong chance that a competitor will want to poach them? How can you stop this from happening?
The obvious solution could be to pay them more money; but if the salary is increased, there will be more National Insurance contributions (NICs) to be paid by