Flotek Group Introduces Equity Scheme to Reward Staff and Drive Growth
Flotek Group, a leading Managed IT and Communications service provider, is delighted to announce the introduction of its Employee Management Incentive (EMI) scheme, designed to reward staff and foster a culture of ownership within the company. The initiative comes as the company continues its rapid expansion, with significant growth targets set for the coming years.
Since its inception in 2022, Flotek Group has seen tremendous growth, driven by a commitment to simplifying IT and communications for small and medium-sized businesses across the UK. The introduction of the EMI scheme, now in place for all staff, is part of Flotek’s broader vision to reward loyalty and dedication, ensuring every team member has a stake in the company’s success and was part of its commitment since inception.
A Seven-Tiered Approach to Equity
The EMI scheme is designed to include and reward every team member, no matter their role or seniority. Structured across seven tiers, it reflects the diversity of contributions within the business – from long-serving employees to new team members, managers, and directors. The response from the team has been overwhelmingly positive, as they recognise the shared journey of growth and success.
For us, building a successful business means ensuring that every person who helps shape that success shares in it, Our EMI scheme reflects our belief in rewarding our team, with the ultimate goal of helping as many of our employees as possible pay off their mortgages. We’re creating a future where the success of the company directly improves the lives of those who make it possible.
As Flotek continues its ambitious journey towards a £100 million revenue goal over the next decade, the EMI scheme ensures that every team member benefits from this growth, fostering a sense of ownership and shared purpose.
The tiered structure offers increasing rewards at each level, ensuring that all employees, from entry-level to leadership, are invested in the company’s success. This innovative approach is designed to keep the team motivated, engaged, and excited about Flotek’s future.
Building an Ownership Culture
Flotek Group’s approach is inspired by successful models such as Admiral’s employee shareholder programme. The goal is to create a company where every employee feels like an entrepreneur, directly benefiting from the business’s growth and success.
“By offering a meaningful stake in the business, we hope to retain loyal staff, reward dedication, and ensure that everyone shares in the company’s achievements.”
Staff members have already expressed their appreciation for the scheme. One senior manager shared, “The board’s generosity is unbelievable. It’s a fantastic opportunity, and I’m grateful to be part of it.” – Jon Davies, Comms Service Manager
Flotek’s Growth Trajectory and Future Ambitions
Flotek Group is on track to close 2024 with £15 million in revenue, and the company’s ambition to reach £100 million within the next decade remains a driving force. With 12 acquisitions under its belt and further expansion plans in place, Flotek is focused on strengthening its presence in key regions like Bristol.
As part of its acquisition strategy, Flotek ensures that staff from acquired businesses are also offered the opportunity to become option holders, reinforcing the group’s commitment to team ownership and growth.
“Our goal is to grow together as one team,” said Jay. “As we continue to expand, we want every employee to feel like they are on this journey with us, benefiting from the company’s success.”
Looking Ahead
Flotek Group plans to continue its expansion within the existing regions, with new acquisitions expected to be announced soon. The company’s forward-thinking approach
