All employees become shareholders at Leeds recruitment business CSG

CSG, the Leeds-headquartered recruitment firm, has announced that 10% of its business is being gifted to all of their employees in shares, meaning that it is now co-owned by every single one of its colleagues.

Ben Riley and Wayne Underwood, the founding owners of CSG, decided to make all employees shareholders through an Enterprise Management Incentive (EMI) scheme.

On 1st February, 6% of the business was released and the remaining 4% will be released in July 2019.

Ben Riley commented: “It is a chance for us to reward our employees for their contribution to the success of CSG. It also means everyone benefits from CSG’s future success so all colleagues have a vested interest in the performance of the business.

“This vested interest then translates into a positive impact for our clients and candidates, with all employees being focused on delivering the highest level of service to our clients and candidates to secure business growth.”

Wayne Underwood added: “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, 2 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.”

CSG also announced plans to expand its workforce and open more global offices to support business growth.

Jamie Thatcher, managing director of CSG, also commented, “We want to attract the very best people to work at CSG so being able to offer the opportunity to benefit from the company’s success makes a big difference.”

CSG is one of the UK’s largest independently-owned recruitment organisations with 200 employees across its global offices, including Sydney and Dubai.

The business specialises in the placement of mid-senior level permanent and contract roles across several specialist sectors including Engineering & Construction, Consumer, Energy & Natural Resources, Business Services, Transportation, Life Sciences & Healthcare and Technology.

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