Top performers of Alliance Insurance Brokers, an insurance service firm, as well as its employees who have been associated with it for a long while have been granted Employee Stock Ownership Plans (ESOPs) worth Rs 55 crore.
The company has reportedly posted more than 25 per cent growth, year-on-year (YoY) with its presence in the market spreading rapidly. Alliance Insurance admits the significant role played by its employees and their hard work in the success that it has witnessed. The ESOPs were issued in the form of an appreciation to the employees for their valuable contribution to the company’s growth. The ESOPs are expected to spread a culture of innovation and entrepreneurship within the workforce.
Companies are increasingly granting ESOPs as a means to attract and retain talent, align employee interests with business success, and preserve cash flow. ESOPs not only motivate employees but also provide financial benefits for both the company and its workers.
Recently, Capgemini had also announced the launch of its twelfth Employee Share Ownership Plan (ESOP), reinforcing its policy of aligning employees with the Group’s growth and performance. The plan will be open to about 98 per cent of employees worldwide and will be implemented through a capital increase reserved exclusively for staff, covering up to 2,700,000 shares (representing 1.58 per cent of outstanding shares). With the 2020 ESOP reaching its term at the end of this year, the new plan is designed to maintain employee shareholding at around eight per cent of Capgemini SE’s share capital.
