All You Need to Know About Starting a Company
What is Employee Stock Option Plan?
In an ESOP, the stock ownership will be provided to the employees by the company. It is the best incentive for company’s employees to keep them motivated and full of enthusiasm toward their work. It will ensure that you do not lose out four best employees for many years.
It will be provided at no up-front cost but in place of work performed. Shares are allocated to employees, but may be granted only after a pre-defined period
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GuideSkillAdvantages of Employee Stock Option Plan
Attract Top Talent
You may not be able to fulfil the salary demands of the top talent, but offering the shares in your company is a great deal to have them in board with you.
Build Motivation
It will motivate your employees to work with more enthusiasm because with better performance of your business, they will also be paid better.
Keep Them Longer
The employees who will adopt ESOP need to complete two to three years defined as vesting period by the company. So, you will have a guarantee stay of your employees.
