It’s official; the under 30s are the influencers, tastemakers, official critics and reviewers in society today. This consumer audience makes up a quarter of the UK population and according to a Viacom study the under 30s are set to make up 75 per cent of the UK’s workforce by 2020. Their purchasing power is huge. They also happen to be incredibly brand loyal as a collective whole. So, what happens when a long-established brand – those that are over 50 years old – looks to reposition itself to a millennial audience? This is where it gets complicated.
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Awarding stock to employees, whether through a formal share plan or otherwise, can be a very powerful tool to reward and incentivise behaviour, playing a key part in the growth and success of a business. Of course, the incentive is only tangible if there is an opportunity to crystallise the value of the shares at some point in the future – normally at the time of an initial public offering (IPO) or trade sale. Equally, early investors will also want a plan so they can realise all or part of their investment.