GURUGRAM: Unable to pay salaries to loads of its workers, a Gurugram-based private company said nowadays that it has get a hold of a novel plan to compensate them through providing them corporate shares.
The corporate Eastman Auto and Power Ltd is a "startup".
Managing Director Shekhar Singal said the corporate does "not have adequate money" all through preliminary days and, subsequently, has "decided to offer Employee Stock Ownership Plan (ESOP)".
"The idea is to attract elite talents with ESOP in which full-time employees generally earn share as part of their compensation. It is a reward to the employees for their countless contribution while empowering them to play an integral (role) in our shared future," Singhal said.
The corporate is operating in the fields of power garage and solar solutions, is in all probability the first in Indian's solar sector to supply this scheme.
The initiative's goal is to achieve organisational excellence through treasured contributions of workers, the corporate said.
As part of the initiative, 15 in keeping with cent of the full selection of workers have been given this scheme. The corporate plans to roll out the scheme for all workers quickly.
It has signed an MoU with its workers before they accepted the scheme. "It is a good scheme which makes us feel valued and an integral part of the company. It will motivate us to perform even better to achieve excellence," said Ashwani Sharma, an employee.
The corporate Eastman Auto and Power Ltd is a "startup".
Managing Director Shekhar Singal said the corporate does "not have adequate money" all through preliminary days and, subsequently, has "decided to offer Employee Stock Ownership Plan (ESOP)".
"The idea is to attract elite talents with ESOP in which full-time employees generally earn share as part of their compensation. It is a reward to the employees for their countless contribution while empowering them to play an integral (role) in our shared future," Singhal said.
The corporate is operating in the fields of power garage and solar solutions, is in all probability the first in Indian's solar sector to supply this scheme.
The initiative's goal is to achieve organisational excellence through treasured contributions of workers, the corporate said.
As part of the initiative, 15 in keeping with cent of the full selection of workers have been given this scheme. The corporate plans to roll out the scheme for all workers quickly.
It has signed an MoU with its workers before they accepted the scheme. "It is a good scheme which makes us feel valued and an integral part of the company. It will motivate us to perform even better to achieve excellence," said Ashwani Sharma, an employee.
Gurugram firm offers shares instead of salary
![Gurugram firm offers shares instead of salary]()
Reviewed by Kailash
on
May 26, 2018
Rating:
