Employee share ownership plans will help start-ups retain talent

An employee share ownership plan (ESOP) enables employees to become shareholders of the company. PHOTO | SHUTTERSTOCK

An employee share ownership plan (ESOP) enables employees to become shareholders of the company, fostering a strong sense of ownership, motivation, and talent retention.

This strategic approach has been widely embraced and implemented by employers, serving not only as a means of financing but also as a powerful tool for cultivating employee engagement and commitment.

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