Over
20,000 Tesco employees are set to share a £30m windfall generated from the
supermarket’s share schemes. An employee who invested an average of £68
per month over the past five years would receive around £6,640 from their
£4,080 investment, yielding a profit of £2,560. The majority of the
beneficiaries are shop floor or distribution centre workers.This payout is due
to Tesco’s strong performance. The news comes after Tesco CEO Ken Murphy
faced criticism for his £10m pay package last year. The company’s share
schemes offer staff the chance to buy discounted shares in the company. Those
who invested the maximum amount of £500 per month stand to make significant
profits from the three-year and five-year schemes.
Blog Q: Discuss
the impact of such a scheme on the company’s relationship with its employees.
