UK Recruitment Glossary
Equity / Share Options
In recruiter context
UK employers mostly use EMI (Enterprise Management Incentive) schemes for tax-efficient options at startups, CSOPs for larger companies, and RSUs (restricted stock units) at US-listed firms. Standard vest is 4 years with a 1-year cliff: nothing vests if you leave before year one, then a quarter vests, then monthly after that. Equity at a private startup is lottery-ticket money — most options never become liquid. Treat the base salary as your real pay and the equity as a possible upside. Dilution from future funding rounds also quietly shrinks what you own.
Related terms
Employee Referral
A current employee recommends you for a role, often putting your CV at the top of the pile.
Cover Letter
A short letter accompanying your CV that explains why you want this specific role.
Notice Period
The time you must work after resigning before your employment officially ends.
Screening Interview
The first interview, usually 20-30 minutes by phone or video, run by a recruiter.