Stock Incentive Plans: Retain and Attract Employees
As a business owner, attracting the right talent and keeping your workforce engaged and happy is key to success. One of the most effective ways to achieve this is to provide benefits, from insurance options to retirement plans. However, the best way to align employee interests with the company’s is to offer a stock incentive plan by offering private company stock. After all, your unique approach to employee ownership can be the difference between gaining a prospective employee’s interest, or not. There are many ways to go about sharing equity with employees, but the two most commonly used plans are private company stock options and private company stock. While they achieve a similar outcome, they’re two vastly different concepts, and it’s important to understand what the difference is. This is true for both employers and employees. Having basic knowledge on the differences between private company stock options and private company stock can assist potential employees in choosing whether they want to work for your company and what you can provide for them.