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Public Consultation - Key Employee Engagement Programme (KEEP)
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Public Consultation Key Employee Engagement Programme (KEEP)
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International research has shown that Employee Financial Participation can be effective in fostering partnership and in helping companies to attract and retain staff in a competitive international labour market. Improved competiveness of companies supports the creation and maintenance of employment, and this in turn supports economic growth which benefits the economy as a whole.
The ‘Key Employee Engagement Programme’ (KEEP) incentive, introduced in Budget 2018, has the objective of supporting SMEs in Ireland in competing with larger enterprises to recruit and retain key employees. Smaller and/or younger companies with growth potential may not have the cash resources available to offer comparable salary packages to large, established businesses. However, where the employee believes in the growth potential of the firm, and by extension the potential for the company shares to increase in value, remuneration in the form of share options may improve the attractiveness of the SME employment offer.
This written consultation will run until Friday 24 May 2019.
Alternatively, you may respond by post to:
KEEP Public Consultation
When responding, please indicate if you are a business, business professional, adviser, representative body or member of the public.