Stock options may not be the first thing that comes to mind when you consider employee benefits, but they should be. An employee stock purchase plan is among the most useful benefits a publicly traded company can offer. Here are three reasons to add one to your benefits package.
Attract New Employees
The option to purchase a desirable stock can make the difference when a sought-after prospect is deciding between two or more jobs. Attract a more diverse range of applicants for open positions by putting stock options on the table.
Inspire Company Morale
Low morale is a common problem that companies face, but an employee stock purchase plan instills a greater sense of ownership and team spirit. As stockholders, your employees become partial owners of the company they work for, which makes them care about the company’s future and take more pride in their work.
Retain Your Best Workers
Does your company have a turnover problem? Stock options can help reduce employee flight. Workers who want to hang onto their stocks may think twice about leaving, and stock ownership makes employees feel more invested in the company.
Are you ready to offer company stock benefits to your employees? Colonial Stock Transfer Company, Inc. offers a full suite of personalized services for privately held entities in Salt Lake City, UT. Visit https://www.colonialstock.com/ to explore their full range of services.
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