Let’s talk about ESOPs!

Apr 19, 2022
Posted in TALENT
Apr 19, 2022 HR Hints

The discussion sparked by our post last week inspired us to continue the topic. So let’s talk about ESOPs! 💸

There are several ways for employees to feel real co-ownership in building a startup, but ESOPs are the most common. Especially in mature markets. According to data from 2021, there are approximately 6,482 ESOPs in the US, holding total assets of over $1.6 trillion*.

We believe that ESOPs should also become a standard in Polish startups. They are often prime attractors for people deciding to change their jobs, especially in senior positions. Aware startups owners know it and are more and more likely to offer them.

But, in our experience, deficits in this area do not always result from the founders’ lack of awareness or willingness.

The truth is that ESOPs (and other financial assets) are not the only factors in deciding whether a candidate accepts a job offer at a startup.

Many candidates look for opportunities to grow, for real and rapid development, to be a part of a worthwhile project that makes real changes, for minimal supervision, to work in an innovative area, and for flexible space and time.

If those other motivations make them excel in what they do, contribute to the company’s growth, and develop themselves – why do we want to argue with that? We are very interested in your opinion and eager to discuss it!

➡️ Want to know more about ESOPs? Check out the #36 episode of our podcast: https://open.spotify.com/episode/6zscCtGas28vInjqKeSqRK?si=a3a7e98af0954f5f&nd=1

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