Amazon, Flipkart, Snapdeal are attracting top talent by giving out 'accelerators vesting' for ESOPs
Advertisement
In a bid to fill in the talent crunch, top e-commerce companies like Flipkart , Snapdeal , Ola, Jabong, etc are rolling out ‘accelerators vesting’ for Employee Stock Options (ESOPs).
Through this, the employees will get an option to vest in case the company decides to sell-off or IPO. If there is no ‘accelerator vesting’ mentioned, it is a drawback for employees as they can’t sell their stock options in case the company sells out.
"We are offering an increasing number of accelerators for ESOPs for senior level hires in the past six months. Several senior-level candidates are also now demanding it in their contract," HR head of a large online retailer told ET.
Accelerated vesting is also beneficial when an employee decides to quit a company as he/she does not want to be stuck with the old firm.
“All employees at Paytm with ESOPs are eligible for accelerated vesting in the event of a liquidity event like an IPO. With the rapid valuation hikes that companies like ours have seen, the employees get an opportunity to increase their paper money exponentially/disproportionately,” Amit Sinha, people head, Paytm, told ET.
Advertisement
Advertisement
Through this, the employees will get an option to vest in case the company decides to sell-off or IPO. If there is no ‘accelerator vesting’ mentioned, it is a drawback for employees as they can’t sell their stock options in case the company sells out.
"We are offering an increasing number of accelerators for ESOPs for senior level hires in the past six months. Several senior-level candidates are also now demanding it in their contract," HR head of a large online retailer told ET.
“All employees at Paytm with ESOPs are eligible for accelerated vesting in the event of a liquidity event like an IPO. With the rapid valuation hikes that companies like ours have seen, the employees get an opportunity to increase their paper money exponentially/disproportionately,” Amit Sinha, people head, Paytm, told ET.
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market