Anyone working in the corporate is probably working towards a certain goal that they wish to attain. Employees want to be able to grow and get promoted and receive incentives for their hard work. However, most companies don’t have a clear-cut definition of what an incentive should be, and what parameters one would ideally need to follow to be able to avail of these incentives.There is a need for guidelines that can help employees understand the potential amount that they stand to make, and at the same time help employers understand that employees shouldn’t be taken for granted.
One of the routes that companies have started to implement is EPS, which stands for employee per share. Within this system, employees receive incentives based on the per share capital of the company, which generally is determined by a fixed formula. It is a good way for employees to be able to understand how much they potentially stand to make, in the present, and with the future growth of the company as well.
EPS has been beneficial in many ways, but as Jeremy Goldstein pointed out in an article, it does come with its own set of cons. For one, EPS isn’t always the ideal thing to be implemented in companies since it employs regulation onto to the employees and not the employers. As Goldstein stated, the potential for the employer to misuse this power and deny these incentives is prevalent, which is why this might not always be the best option for a company.
However, there are other routes that one can take when trying to offer incentives to the employees. Compromising is one of the best things that a company must employ if they want to be able to give their employees the very best, without denying too much. It can be one of the best things that corporates employ because it leads to better understanding among individuals, helping either party understand the finer intricacies of the matter at hand. Learn more: https://www.linkedin.com/in/jeremy-goldstein-26aa1b4
Jeremy Goldstein is a well-known name in corporate law and has served as a lawyer for several decades. Having an incredible amount of experience and foresight in the field has prompted him to partake in many favorable ventures, and has also helped him grow his law firm, Jeremy Goldstein, And Associates, which offers top-tier corporate law-related services to clients from all around the country.