Long-Term Incentive Plan (LTIP)

Assuming you have satisfied the general health welfare and flexible working requirements of your staff, these points being of utmost concern to manage the flight risks particularly of our millennial workforce, what else can you do to keep that key team in place? There are multiple profit and share schemes available, but by far and away our favourite is the Long-Term Incentive Plan (LTIP).

This scheme allows you to set up a plan that doesn’t dilute your ownership in the business, but allows loyal and worthy staff to participate in its growth in value at a certain trigger point, either an actual sale or a specified date. This then helps encourage those key staff to stay in post for a pay-out in the future.

This scheme is fabulous in that you don’t have to worry about HMRC approval or complex shareholder agreements. It is quick and easy to set up and, most importantly, totally flexible and extremely cost effective.

We are experts in this area. We know how to set this up, what parameters you need to consider and finally how you can communicate this good news to your team.