Tesco Corporate Responsibility Review 2005

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Staff

With a total wages bill of £3,534 million, our business has a direct positive impact on local economies. As well as paying salaries and local taxes, we foster skills in areas often overlooked by other investors.

Share schemes

While many UK companies grant share options to their directors and senior managers, we are committed to providing share ownership for our employees after one year. We encourage staff to become part owners of the company and share in our success. This year, £63 million worth of shares were given to 160,000 staff as part of our Shares in Success scheme. All staff with more than one year’s service received shares worth 3.6% of their salary. In addition, we offer a save as you earn scheme to enable staff to buy shares at a discounted price as a medium or long-term investment.