Milk & Honey PR gives over half of group shares to its employees
Ethical, B Corp and purpose-led PR agency, Milk & Honey has transferred 55 percent of group shares to an Employee Ownership Trust (EOT). The means 52 percent of employees are now co-owners, qualifying after just 12 months at the agency. People owned PR Today’s announcement sees Hive Group — the holding company for Milk & Honey PR in Australia, UK and North America — restructured as an EOT. The four-and-a-half-year-old business has been independently valued at £3.6M by Moore Kingston Smith, the legal firm responsible for setting up the EOT. With 55 percent of […]
Damaging double standards impacting the future of Australia’s PR industry
Several weeks ago, the Parliament of Australia passed a contentious law that will dramatically increase the cost of studying several subjects at university. Under the changes, fees for humanities and social sciences degrees will soar, while ‘job-relevant’ courses like nursing, mathematics and teaching will become cheaper. Communications will be one of the hardest hit courses […]
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