TGGC announces employee profit share scheme

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Festive surprise comes in the form of partnership for staff at TGGC.

The Genuine Gemstone Company founder Steve Bennett has announced that hundreds of employees are set to become part owners under a new profit share partnership scheme.

The Birmingham-based company will grant all full-time team members 10% of shares in the business in the lead-up to Christmas.

Bennett announced the shares scheme is part of a long-term investment strategy, recognising the hard work and contribution of his 500 employees.

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This includes call centre colleagues, warehouse operatives and directors, who will be entitled to dividends right through to their retirement.

The family-run company currently has a turnover of more than £100 million. It was recently named PWC’s International Business of the Year in The Private Business Awards 2014.

Bennett commented: “We have had an incredibly successful year in terms of business growth, sales, customer satisfaction and award wins. Our business is built on the principle ‘people before profit’, so we wanted to show our appreciation for our brilliant team members in a meaningful way.”

This is not the first investment The Genuine Gemstone Company has made in its employees. The business also has a policy in place that allows team members to take two days paid leave each year to carry out charity work for their affiliated charity, The Equal World Foundation.

This charity works to improve the health and education of deprived communities around the world, and has impacted the lives of over 200,000 people so far in projects in Kenya, Madagascar and Tanzania.

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