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Many companies are pivoting away from solely relying on traditional stock options and integrating RSUs as a prominent compensation component that grants direct ownership in the company. This fosters a sense of shared success, thereby aligning executives’ interests with shareholders for sustainable growth.
To further bolster the compensation game and retain top talent, firms will enhance their bespoke, holistic benefits offering models, to make the overall offering more lucrative. Companies are offering employees an unlimited leave policy to prioritise wellbeing and manage time during children’s board exams.
With medical inflation between 12% and 13%, companies are continuously looking to upgrade corporate health insurance. In conclusion, the ascent of RSUs and performance-linked plans signify a key transformation in the realm of compensation, especially in challenging economic times. This strategic alignment of executive interests with long-term value creation, coupled with the provision of augmented benefits extending beyond mere monetary compensation, will be the norm rather than an exception.
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Subscribe to The Economic Times Prime and read the ET ePaper online.