Do employees still value sharesave?

And it's not surprising why. When companies offer sharesave to their employees it provides an opportunity for them to buy shares in their company at a fixed and possibly discounted price, using accumulated savings at the end of a three or five year contract.

YBS Share Plans surveys employees participating in share plan. Within the survey responses participants provide feedback on why they value sharesave as such an important part of the reward package. This feedback helps employers and their advisers shape the design of their future reward strategies.

What our share plan customers have to say:

“The money is deducted from my wages before I even get them, so it's never missed. You can pay what you can afford even if it's only £10 a month. Then after three years, you get the option to either buy shares or just have the money paid back to you, which means you can't lose. I started saving just £10 a month and gradually built it up over the years, so now I'm saving £150 a month and I've never missed it.”

“I personally think it is a great way to save for the future or that holiday in Florida or house repairs, you don’t miss the money and it’s nice to get at the end of it.”

“Great way to save in this day and age where we want things now, without this amount coming out of my wages each month I doubt that I would be able to have the discipline to do it.”

The quotes above are views expressed by our corporate clients and not those of YBS Share Plans or the Yorkshire Building Society.

This article was provided by YBS Share Plans, part of Yorkshire Building Society.