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Ideas2IT Technologies, an innovation-led product engineering company valued over $100 million, on Tuesday announced Employee Ownership Programme under which its employees will receive 33 percent stake of the company.
The Employee Ownership Programme stands distinct from conventional ESOPs and equity-sharing schemes. Unlike traditional plans that vest over time, this initiative offers direct equity ownership as a testament to an employee’s alignment with the company’s core values and their integral role in the company’s development. Ideas2IT is not merely distributing shares but handing over true founder privileges, including a say in the company’s trajectory, according to a statement.
The selection process is different from how ESOPs are typically allocated, as it focuses on values-driven contribution rather than just skill sets.
The company will grant this equity to its first 50 employees, followed by another 100 in line to join this privileged pool.
This initiative follows a previous initiative wherein Ideas2IT gifted 100 Maruti Suzuki cars to its most trusted employees in 2022. The company is now doubling down on this promise by adding another 50 cars this year, as per the statement.
Murali Vivekanandan, Founder, Ideas2IT, said, “We believe that to nurture exceptional talent and cultivate a workspace…
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