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Financial benefits Financial benefits include buying of stockoptions and bonus or profit sharing by the employer to the employees. Employees can buy shares or stockoptions worth 60,000 pounds with tax benefits on the same. This plan can be devised mutually between the employee and the employer.
This form of compensation offers employees a stake in the company's success and the opportunity for financial gain if the stock price rises over time. 💡 Microsoft, a pioneer in the tech industry, has long used employeestockoptions as a key part of its compensation strategy.
Mackey’s innovation was to obliterate this distinction, and to encourage his employees to express their authentic, true selves at work. This is particularly daring in the retail food service space, where employees frequently interact with customers and risk undermining the integrity of the brand. .
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