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In this special episode of The HR Leader Podcast, produced in partnership with YOUtax, we explore the provision of company shares and related employee incentives, the tax implications for employees, and who bears responsibility for education and upskilling on such taxation matters.
Host Jerome Doraisamy speaks with YOUtax founder and director Emma Baxter about the tax and financial wellbeing services that YOUtax offers, the provision of restricted share units in a company to employees, how and why employees are finding themselves with unexpectedly high tax bills, the need to improve financial literacy for employees, and the extent to which such issues are increasingly becoming problematic.
Baxter also delves into the responsibility of employers to ensure that their staff are properly equipped to navigate such employee incentive schemes, the practical steps that businesses and HR managers can and should take to ensure that workers know how to approach their financial wellness, the educational webinars that could be utilised, and the role of the executive suite in ensuring such support.
To learn more about YOUtax, click here.
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RELATED TERMS
An employee is a person who has signed a contract with a company to provide services in exchange for pay or benefits. Employees vary from other employees like contractors in that their employer has the legal authority to set their working conditions, hours, and working practises.
