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welcome to this Killick explains video this time I want to take on share incentive plans now some of you may have seen my separate video on save as you earn schemes these share incentive plans are different they work in a slightly different way the principles the same but the mechanics were a little bit different so try and distinguish the jargon and make sure youre clear on which one your employers offering so the backgrounds of these things would be what well basically share incentive plans are offered by a firm to its employees if they choose to do so not all firms offer them but if yours does well worth finding out about and they come with their own twists they create the chance for employees to become owners so in principle these are a good idea because theyre offering an employee the chance to align their interests and their motivation their incentive to work hard with the firm that employs them but there are a few things to watch out for and Ill come back to those in a momen
