Recruiter CSG makes employees shareholders in the business

Leeds-based recruiter CSG has moved to make all its employees shareholders of the business.

In a statement, released yesterday, the group revealed 10% of the business will be “gifted” to the firm’s 191 employees in the form of shares.

CSG founders Ben Riley and Wayne Underwood said they took decision to make all their employees shareholders through an Enterprise Management Incentive (EMI) scheme, with 6% released on 1 February and the remaining 4% to be released in July 2019.

When employees leave the business, they pass their shares back into the business to be re-allocated to other staff, though all employees need to be working for CSG at the point of investment to benefit.

Commenting on the group’s move, Underwood said: “We are focused on making CSG a great place to work. This is incredibly important to us and is part of CSG’s DNA. We already have a number of initiatives in place such as on-site gyms, two-hour fitness lunches, free fruit, flexible working, a barber and beautician service, and overseas incentive trips to places like Puerto Banus and Amsterdam. 

“We believe these all contribute to making CSG a great place to work, however, we wanted to go one step further and really make a difference to our employees, with the opportunity for them to realise a potentially life impacting sum of money if the business goes through a sale/transaction.”

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