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Are Esops for employees a better option than cash rewards?

Created by : Dipika Das, Associate/Sr. Associate -(NonTechnical), ABC Consultants Private Limited  | 02 01 2011 11:38:38 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : Talent Management(People Management)
Keywords : esops cash rewards workplace motivation which is better esops or cash rewards cash incentives
Activity:  192 views;  last activity : 02 12 2011 18:32:27 +0000

Coming out of recession, nearly 100,000 IBM India employees are set to receive a $1,000 stock bonus each before June 16, the day when the Big Blue celebrates its hundred years of existence, in a move that will force other multinational and Indian tech firms to dole out more incentives to check attrition.  So which is better options Esops or Cash rewards?? Share your views.....

  
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Esops Vs Cash Rewards
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Esops and Cash Rewards are two forms of compensation. We need to consider the purpose behind going for one of these. The purpose could be to retain employees, promote loyalty among them and to provide a sense of ownership in which case Esops would be a better option. Or it could be to attract high skilled employees in a competitive industry and have them work atleast for a short time in which case cash rewars is a better option. The decision also depends on the life stage of the employees. Young employees in their twenties and thirties generally prefer cash rewards whereas older employees prefer security and hence esops.
By Kalyana Krishna, AUT, Human Resources, ITC Limited  | 02 12 2011 18:32:27 +0000
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ESOPS is BETTER
By PREMRAJ , Freelancer, Event Management  | 02 10 2011 09:36:55 +0000
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Yes...this is good retention tactic employed by many top Companies.
By Nilesh Pawar, Legal & Secretarial, Valencia Professional & Management Services LLP  | 02 10 2011 08:50:13 +0000
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yes..it motives different persons coming in contact while enriching their knowledge
By rajeev kumar, Lecturer, mit  | 02 07 2011 13:17:53 +0000
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Thanks Ayan for referral. In my opinion ESOPS is probably the best option for employees at all times. 
By Rathin Deb, Freelance Retail Consultant  | 02 02 2011 12:12:28 +0000
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ESOPs -- as it gives a sense of ownership and inforces brand loyalty. Employees start looking at a holistic picture. The best example is L&T. Loyalty and low attrition is an intrinsic part of its culture
By Priyanka Saigal (LION) Saigal (LION), Manager Business Development, ABC Consultants  | 02 02 2011 05:40:21 +0000
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ESOPS when properly, transparently implemented can give a sense of ownership to the employees and to some extent control attrition.
By RAMESH KANDADAI, Principal Consultant, ARM Consultants  | 02 02 2011 02:45:35 +0000
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Mr.Ayan I could see the views of three friends posted below and where is yours?
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 02 01 2011 16:53:06 +0000
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I support this side views.
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 02 01 2011 16:49:28 +0000
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it is good option for company for making employees more interested in company future and giving feeling of ownership .
By Vidhu Dar, CEO/MD/Director, Shiva's Retreat  | 02 01 2011 16:16:31 +0000
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What is yours is what's available on hand! Where's the guarantee that crisis like Satyam, Sub-prime crisis, which halted the developed countries' progress, would not surface in the near future! Almighty is in the process of punishing wicked in order to save the righteous people!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 02 01 2011 12:32:04 +0000
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Yes...in a year when TCS, Infosys, Wipro and other IT biggies are are preparing to fight the talent war, IBM’s latest move to retain and woo new staff is expected to force many others to explore stock-based incentives apart from other perks. As these tech firms prepare to cope with rising demand for outsourcing, India has become the battleground to hire the most and retain the best performers.
By Dipika Das, Associate/Sr. Associate -(NonTechnical), ABC Consultants Private Limited  | 02 01 2011 11:38:38 +0000
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For instant gifting, cash rewards are better. Given the state of the stock markets, i wouldnt be too enthused with esops.
By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 02 12 2011 16:22:43 +0000
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yes it explores each and every step of it
By rajeev kumar, Lecturer, mit  | 02 07 2011 13:18:52 +0000
Argue for "Esops"
Argue for "Cash Rewards"
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