by Pavan Kumar Vijay, Managing Director, Corporate Professionals India Pvt. Ltd. on Feb 18, 2011
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To attract, reward, motivate and retain employees for high levels of individual performance and for unusual efforts. ...
To attract, reward, motivate and retain employees for high levels of individual performance and for unusual efforts.
Promote employee ownership culture and reduce the attrition.
To improve the financial performance of the Company, which will ultimately contribute to the success of the Company.
Enhances job satisfaction of the Employee due to ownership incentive
Companies grant an option to employees to acquire shares of their employer company over a period of time at a reduced price or nil price.
ESOP proves to be a good retirement benefit plan for employee.
Therefore ESOP is primarily a kind of incentive to hold the employees to the company's fold.
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