ESOPs - A Tool for Employee Retention |
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» Human Resource and Organization Behavior Case Studies Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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"Options are the best compensation mechanism we have for getting managers to act in ways that ensure the long-term success of their companies and the well-being of their workers and stockholders." - Brain Hall, Harvard Business School Review, March-April 2000. "They reward risk, encourage innovation and promote creativity by giving every employee a stake in seeing the company succeed. In large measure, stock options are the reason U.S. companies - not Japanese or European companies - are the world leaders in technology." - Rick White, www.seattletimes.com, March 2002. Battling Employee Turnover
The most disturbing factor for the companies was that 30% of the employees left their job in their first year itself.
Thus, companies across the world began to devise various alternative strategies to retain their employees... 1] Accenture is a leading management and technology services organization operating in 47 countries. The company offers services related to 18 industry groups in key business areas, including customer relationship management, supply chain management, business strategy, technology and outsourcing. |
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