Infosys , The Digital technology and consulting major company board has approved an ‘Employee Stock Ownership Program 2019’. As per it , the company proposes to set aside 5 crore Shares for its employees to be given as incentives.(motivation) It Plans to retain as well as attract key talent through this program. The Employee strength of the company is more than 2 lakh people. The plan also expects the attrition rate (rate of consumer and employees that leave the company in a specific time) to fall.
As per Salil Parekh, CEO & MD, “Infosys has been a pioneer for many firsts in India, and this programme is a key milestone as it sets another benchmark in the industry.”.
As per the Program , approximately 1.15% of the equity of the company i.e. 5 crore shares will be issued to the employees. The company considers its employees as its major asset and aims at value addition to its staff by recognising talent. Dedication leading to long term support is aimed at. It will also help the company in wealth creation for its employees.
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~Written by Srinilaya Krishnan, student of class IX in JB Vachha high school.