Benefits of ESOPs for Startups in India

As a plan that benefits both the business, often known as the selling shareholder, and the participating employees, Employee Stock Ownership Plans ("ESOPs") have a number of benefits. This translates into a tactical tool for companies to recruit and keep top talent while fostering a more engaged and motivated team. This all becomes even more necessary because keeping talented employees is more essential for startups as compared to established businesses because they are in their initial years of growth. ESOPs are a strong financial and motivating tool for startups as they work to gain a foothold in cutthroat industries and develop in quick-paced settings.