Recruiting & retaining talent
As your business grows, the demands on you as an employer will too. Our employment law experts and HR professionals can support you in attracting retaining and developing talent.
Our services include:
Pay & benefits
Pay and benefits encompasses everything an employer offers its employees, including financial benefits such as salaries, pensions, paid leave and sick pay, and non-pay related benefits such as flexible working, opportunities for development and private healthcare. Our team of experts can work with you and can benchmark your pay and benefits packages, to ensure you are able to attract and retain the best talent.
Training & development
As your business grows it is important that your talent pool also grows. Providing clear and focused training and development programmes for your team will help you do this. Our team can help you implement a variety of training and development programmes designed to get the best out of your team.
Employment contracts, HR policies and employee handbooks
You will need to provide all employees with well-drafted employment contracts, HR policies and an employee handbook to ensure everyone has a clear framework within which to work. We can draft and review these documents to help you prevent costly issues in the future.
Senior hires & director service agreements, including restrictive covenants
Directors and other senior employees within a business are likely to have strong relationships with key clients and in-depth knowledge of the business’s most confidential information. With this in mind, it is important to protect your business against the risk of future competitive activity from a senior employee after they leave.
Setting out expectations of a senior role from the outset in the form of a director service agreement (separate from the employment contract) will clearly establish duties and responsibilities and be useful in case a disagreement arises at a later date.
Including bespoke and enforceable restrictive covenants in your agreements will reduce the risk of an employee setting up in competition with you or poaching your customers or key employees. Our team of experts can draft these agreements and guide you through the process if they need to be enforced at a later date.
Employee share incentives
Employee share schemes are an effective, tax efficient and a flexible way of incentivising and rewarding your team. They can help recruit, retain and engage employees by offering them a financial interest in the success of your business.
Choosing who to give shares to is just the start, and understanding the right type of scheme for your business can be complicated as there are a number of share schemes available, including:
- Enterprise Management Incentives (EMI) – a popular option as it is approved by HMRC and offers significant tax advantages to the employees participating in the scheme.
- A company share option plan (CSOP) – enables businesses to grant share options to selected full time directors or employees, with no restrictions on the hours worked.
- Saving Related Share Option Scheme (SAYE) – another HMRC approved share option scheme but unlike EMI and CSOP must be offered to all employees not a select few.
- Share Incentive Plans (SIP’s) – shares can be given to employees without a tax charge and must be offered to all eligible employees of a company on the same terms.
Our team of experts can take you through the options, explaining the pros and cons of each so you can be sure that your share plan is right for your business We’ll also help you take advantage of whatever tax efficiencies and reliefs are available.
Next steps: get in touch
If you need legal advice on how to protect and retain your people, contact our team of employment law experts and HR consultants on: 0800 533 5349 or enquiries@mogersdrewett.com
Meet the team
Frequently asked questions
An NDA or non-disclosure agreement provides peace of mind in long-term business relationships where confidential information must flow between the parties. It makes it illegal to reveal confidential information or company secrets to a competitor.
It’s illegal to reveal trade secrets or sensitive company information to a competitor. Breaking an NDA leaves you open to lawsuits from your employer, and you could be required to pay financial damages and possibly associated legal costs.
A non-solicitation clause restricts an employee from seeking business from a client or potential client who they have directly dealt with or had personal dealings with during their former employment.
Performance management helps you track your employees’ performance and tells you whether or not they need extra support, can handle a higher-level training or deserve a pay rise.
Share schemes are a way employers can offer employees shares in the business. They incentivise employees by giving them an additional direct stake in a business’s success, and a reward for good performance. They also usually carry tax advantages.
