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Tag Archives: Shares for rights
“Beecroft by the back door”: a practical guide to using the government’s “shares for rights” scheme to totally screw over your employees
The government’s “shares for rights” idea has been widely reported over the last few weeks and I haven’t read a great many articles in favour of it. Nowhere in Graeme Nuttall’s review of employee ownership (or in the subsequent government call for evidence) was it suggested that employees be asked to give up their unfair dismissal and redundancy rights (plus others) in order to benefit from a financial stake in the business. This is something the Chancellor has put in at the last minute, to puff up his “deregulatory” credentials at the party conference. In the spirit of deregulation, I set out below my practical guide to hiring new staff with no strings attached. Continue reading