Online marketplace for small scale businesses funding, Biz2Credit has announced an employee stock ownership plan (ESOP) worth $12.25Mn for more than 500 full-time employees in India.
While making the announcement, the firm stated that this is a progressive scheme to cover almost 100% of the workforce. This aims at rewarding employees for their commitment to the organisation.
To the media, CEO Rohit Arora said, “Our ESOP plan is an attempt to reward our employees’ commitment and for the role they play in helping the organisation achieve its long-term objectives.”
He further added, “The ESOP plan reflects our company’s priorities and balances key financial measures with individual performance and tenure considerations. We have announced the ESOP plan to allow our employees to participate in organisational success.”
Adding to this, Anupama Garg, senior vice president & head - HR (India) said, “Since our inception in 2007, employee-centricity has been our core focus. Our employees are our biggest strength. It has always been our endeavour to make an employee focused organisation, where everyone feels valued and rewarded for their contribution. We are delighted to launch our ESOP plan which has the potential for long term wealth creation for all our employees.”