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GEMS Education offers share plan for teachers and staff

GEMS Education is offering free shares in the organisation to teachers and staff across its network in the Middle East, a move that is a historic first anywhere in the world by a privately owned K-12 education company.
Sunny Varkey, group chairman of GEMS Global and Founder of GEMS Education and Varkey Foundation, who last year topped Forbes Asia's Heroes of Philanthropy list, has earmarked an estimated Dh100 million in notional shares for GEMS Education teachers and staff in schools in the region.
The 'Share our Future' is a retention plan for GEMS Education employees proposed and adopted by the company to demonstrate the appreciation of long standing employees.
Varkey said: "We want to recognise high-performing teachers and staff. They are instrumental in us building GEMS into the world's leading educational organisation. We need our teams to excel in every classroom, in every school, in every country. When we see success I want us to share and celebrate it.
"Teachers and staff across the GEMS Education network in the Middle East can now take genuine 'owner's pride' in the institution. We hope their sense of ownership will invoke an even greater commitment to excellent student outcomes within the classroom and beyond. We are also optimistic that this initiative will provide added incentive to attract and continue to retain the best of talent from around the world. "
The notional share transfer to teachers and staff is based on various criteria including their seniority and years of service with the organisation.
This new initiative by GEMS Education supports the UAE Vision 2021 announced by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, remarked Varkey.
reporters@khaleejtimes.com

• Dubai