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@praveenkumar-66Ze92 • Jan 7, 2012
What is an ESOP?Reyaofftopic😒
@Biggie : Can you mention some of the companies which provide ESOPs?
@thebigk • Jan 7, 2012
ESOP is Employee Share Ownership Program. Typically startups offer shares to the employees along with salary. That is, if a startup company offers you say 0.10% of shares along with your salary - and the company is worth $10 million; then your shares are worth $10k. I personally know people who've become millionaires through ESOPs. 😀Praveen-KumarWhat is an ESOP?
I think most of the bigger companies like Infosys in India have ESOP. Not aware of startup companies that offer ESOP though.Reyaofftopic😒
@Biggie : Can you mention some of the companies which provide ESOPs?
@praveenkumar-66Ze92 • Jan 7, 2012
My dad says, I am just an employee of my company, but he has some respectable amount of shares, as he's a shareholder. So, is getting share that way is it ESOP or is it different?The_Big_KI think most of the bigger companies like Infosys in India have ESOP. Not aware of startup companies that offer ESOP though.
@thebigk • Jan 7, 2012
I'm not too familiar with the ESOP scheme. But if the company offers the shares to its employees as a part of remuneration; then it's called ESOP. An outsider owning shares won't be considered under ESOP.Praveen-KumarMy dad says, I am just an employee of my company, but he has some respectable amount of shares, as he's a shareholder. So, is getting share that way is it ESOP or is it different?
@thebigk • Jan 7, 2012
@praveenkumar-66Ze92 • Jan 7, 2012
Okay... Lemme ask my HR Finance and get back to this discussion. 😀The_Big_KMoved the relevant posts to a new thread to discuss ESOP.
@thebigk • Jan 7, 2012
Check your agreement or offer letter. It should have the details.Praveen-KumarOkay... Lemme ask my HR Finance and get back to this discussion. 😀
@praveenkumar-66Ze92 • Jan 7, 2012
No Biggie! Nothing about share or ESOP! 😔The_Big_KCheck your agreement or offer letter. It should have the details.
@thebigk • Jan 7, 2012
I believe they offer ESOP to employees who've spent certain number of years with the company or at a senior management level. But I'm just guessing.Praveen-KumarNo Biggie! Nothing about share or ESOP! 😔
@praveenkumar-66Ze92 • Jan 7, 2012
The best thing I can do is, as I said, I'll ask the Finance Dept tomorrow. 😀The_Big_KI believe they offer ESOP to employees who've spent certain number of years with the company or at a senior management level. But I'm just guessing.
@vinci-e4PtMU • Jan 8, 2012
