In a move that redefines employee ownership in the tech industry, Ideas2IT Technologies, a $100 million+ product engineering company, is handing over a 33 per cent stake to its employees, making them equal partners in the company’s future.
This ground-breaking initiative, named the Ownership Sharing Initiative, prioritises long-term commitment and loyalty. Starting with the first 50 employees and expanding to 100 more over time, the programme rewards those who have built the company over the years, many with over a decade of dedication.
“We believe in fostering a culture where employees feel like genuine partners, not just cogs in the machine,” says Murali Vivekanandan, Founder of Ideas2IT. “This isn’t just about giving away shares; it’s about recognising the incredible contributions of our team and empowering them to shape the company’s future.”
Unlike traditional ESOPs with vesting periods, Ideas2IT offers direct equity ownership with founder-like privileges. This means employees have a say in the company’s direction, strategy, and decision-making.
The programme extends beyond a one-time giveaway. It’s designed as an ongoing reward system, where deserving employees who embody community spirit, exceptional work ethic, and loyalty can be added to the equity pool over time. Notably, the equity remains with employees even if they leave the company.
This initiative is a testament to Ideas2IT’s core values of inclusivity, community, and constant progression. It’s a bold statement that challenges the traditional employer-employee dynamic and sets a new standard for tech companies worldwide.
“Seeing our employees earn their place as partners fills us with immense pride and fuels our drive to achieve even greater heights together,” adds Vivekanandan. “This is the start of a new chapter for Ideas2IT, one where we rocket forward as a united team, owners of our success and architects of our future.”