Employees Invest in Change

Change Recruitment Group, one of Scotland's largest independent specialist recruitment solutions providers, is to launch an equity scheme for employees. This is one of the first independent companies in the industry to allow its staff to invest in the company's future and become co owners of the business.

Following the successful completion of a management buyout in 2006, 11 employees, who are an integral part of driving the future success of the business, have been invited to join the scheme in return for a share in the new company.

Commenting on the scheme, Suzanne Ramsay, chief executive of Change Recruitment Group said: Managers who have performed exceptionally well, not only as a valuable fee earner, but those who have excelled in performance for the company and shown that extra commitment and loyalty to the organisation, have been selected by the Board to become shareholders in Change.

Having equity in the company, gives employees ownership of what they do for the business. It's a great opportunity for staff to invest in their future and a great motivational incentive, as they know that as they help to grow the company, they'll see tangible benefits in the future in return. We have retained additional equity for the future as additional employees, particularly those who may have joined the company recently prove their worth.

Ramsay added: I am confident that this select group of shareholders will, over the coming years, develop into a second tier of management who will expand and grow the business as a leader in the recruitment sector.

With a blue chip client list that includes Standard Life, Royal Bank of Scotland, Morgan Stanley, Scottish Widows, PricewaterhouseCoopers, SKY and Ernst & Young, Change Recruitment Group underwent a successful management buyout in December 2006 worth 14 million, led by Suzanne Ramsay and backed by private equity bank, NBGI.

With offices in Edinburgh and Glasgow, the company has over 140 consultants working across its four separate divisions and 10 different industry sectors including financial services, HR, legal, accountancy, office support and call centres. The company offers international recruitment and project management of high volume recruitment campaigns (RPO) and the provision of outsourced recruitment services.