What is ESOP?
An Employee Stock Ownership Plan (ESOP) is type of employee benefit plan which is intended to encourage acquiring stock or ownership in the company. Under these plans, employer gives certain stock of company to the employees for negligible or less cost. This plan aims at improving performance of company and motivates employees of company. Shares are allocated to employees, but may vest only after a pre-defined period.
Advantages of ESOP
Motivates Top Talent
In case of top level employees, it will be difficult to retain them unless you provide them good salary and incentives. This problem can be solved by offering them shares of the company at low cost.
Increase performance and build motivation
This is the best way to motivate and increasing performance of employees .if the company performs well and earns profits then talented employees will be paid more.
Long retention of employees
ESOP specifies vesting period of two to three years. Employees to whom shares are allotted are required to retain for period of two to three years and more period till the completion of vesting period.
Why choose us?
No hidden cost
- We will provide you all our services with predefined price. No extra cost will be charge. We provide you fast services with economical cost.
Promise of quality and commitment
- We assure you to provide quality of service and commitment to our service. We take all your responsibilities related to government regulations and will fulfill all compliances and paperwork on your behalf.
Team of professionals and experienced legal advisors
- We are providing you a good team of professionals such as CA, CS and various experienced legal advisors who will clarify all your doubts related to service and provide you all legal guidance.
- We provide you 24*7 supports to handle your all queries and doubts.