Admiral CEO attributes FTSE giant’s staff retention to share awards scheme
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Admiral Group's CEO, Milena Mondini, attributes the company's high staff retention to its share awards scheme, which offers employees shares worth up to £3,600 annually after one year of service. The company has awarded nearly 20 million shares since 2005, valued at around £628 million. Admiral reported a 16% profit increase to £958 million, with its UK motor division exceeding £1 billion in profit. Despite market challenges, Admiral is diversifying its business and expanding in Europe, while maintaining strong cultural roots in Wales.
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