Equity compensation involves providing non-cash payments to your employees and executives. This can involve stock, options, and performance shares of your company. Providing equity compensation for your employees can entice new, qualified employees while helping you keep your experienced employees. The team at Long Island Employment Lawyer offers professional equity compensation services for companies in Long Island, NY. Our staff has helped hundreds of customers plan competitive and effective equity compensation packages for their employees. Whether you run a small shop with 5 employees or a multi-building clothing manufacturer, our team is ready to help you with your compensation needs. Feel free to email or call our customer service team today if you would like to learn more about our equity compensation package services.
What is Equity Compensation?
Attracting top talent and new employees is essential for the growth of any business. Keeping your best employees on staff is also extremely important. Equity compensation is one of the best ways to keep your employees’ happy while also attracting new and experienced staff. Non-cash payouts in the form of stocks, options, or performance shares are a way to get your employees invested in your company. Equity stocks give your employees shares in the company and will encourage them to provide their best work so the company will succeed.
Types of Equity Compensation
Stock options are one of the most common types of equity compensation provided. You can provide stock options that will let your employees purchase stock at a predetermined price. Over time, the option will vest giving control of the stock to the employee. Non-qualified and incentive stock options are two other ways to provide compensation. These options provide tax advantages to employers. Restricted stocks involve a vesting period. Once the vesting period completes, employees can gain rights to stock ownership. Performance shares can be offered if specific metrics are met by your business.
Benefits of Equity Compensation
Equity compensation offers many benefits to your business. It is one of the best ways to align the ideals and goals of management with the employees. Your employees will have an incentive to meet the goals of your business. It will also help you retain employees since they will have a future stake in the business. An enticing equity compensation package is also a way to find and recruit the best new employees for your company. The team at Long Island Employment Lawyer has years of experience composing excellent equity compensation systems that will benefit you and your employees.
Equity Compensation Services
If you are interested in adding equity compensation to your business, don’t hesitate to give our team a call. Long Island Employment Lawyer provides professional employment law services for any sized business in Long Island, NY. We have years of experience composing equity compensation packages that will help you retain your best employees while enticing new and qualified recruits. To learn more about our services, feel free to email or call our customer service team today.