Infosys: The company has given a big reward to the employees working in Infosys and has given such a gift which will be useful for them in future also. The eligible employees of the company will get a big boost from this incentive and reward.
Infosys: Employees of IT companies often not only get bonuses and incentives from their company but sometimes they also get incentives in the form of equity shares for their contribution. A similar step has been taken by the country’s leading IT company Infosys and has allotted more than 5.11 lakh equity shares to its eligible employees. These allotments have been made under two employee related schemes of Infosys and this allotment happened last week on May 12.
Why did Infosys give shares to the employees?
Infosys has given these shares to its employees because it wanted to reward some employees for their good performance. Apart from this, Infosys also wants that the ownership rights of the employees in the company should increase slightly. Infosys said in an exchange filing on May 14 that the company is giving information that it has issued 5,11,862 equity shares to some of its employees on May 12, 2023. It has been issued as exercise of Restricted Stock Units of eligible employees.
How many shares have been issued
Out of the number of shares allotted to eligible employees, 1,04,335 equity shares have been issued under the 2015 Stock Incentive Compensation Plan. Apart from this, 4,07,527 equity shares have been issued under the Infosys Expanded Stock Ownership Program 2029.
What is the purpose of Infosys
The objective behind Infosys issuing equity shares to its employees under the 2015 Stock Incentive Compensation Plan is to retain talented and important employees in the company. They should be linked not only to their growth but also to the growth ratio of the company so that their performance can be improved.
Through this equity share allotment, not only the performance of the employees is being rewarded, but some part of the company’s growth is being given to them in the form of ownership. Due to this, as employees of the company, they will also be more concerned about the interests of the organization and its good effect will be seen.
