The New Employee Shareholder Status

A new employment status of an “employee shareholder” has been introduced through the Growth and Infrastructure Act 2013, which amends the Employment Rights Act 1996. The new status allows employers to offer new or existing employees free shares worth at least £2,000 in return for giving up some of their employment rights. In this article we outline the conditions of this new status, the effect on rights and things to note for the employer and employee.