Recruiter Leap29 pays out share scheme windfalls to staff

Thirty employees of recruitment business Leap29 have had cause to celebrate this summer, with windfalls averaging over £27k each as the company issued £833k of share payments.

The share payments resulted from the launch of a share scheme two years ago for all its employees “as a way to align their business growth plans and create a more inclusive company culture”, a company statement said. “As a result of their growth over the last two years, Leap29 was able to purchase the shares, recognising their team for their hard work and dedication.”

Because of social distancing, the Leap29 team were unable to celebrate their success together. However, last Friday, “we all raised a glass together in spirit to toast each other”, said HR and talent acquisition manager Andrea Mason.

Leap29 are now setting up a new share scheme for all current employees, including any that started after the initial share issue in 2018. The new scheme will be ongoing for all current and new employees, and is scheduled to be paid out every two years, with the first pay-out scheduled for March 2022, the company statement said.

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