There are many experts out there that have tackled the decade-old problem of incentives for companies and their employees. Most of the time things are okay, as people need to work and will take a job in spite of incentives that are available. But this is what allows for constant internal problems with employees for companies, which ultimately hurt yearly profits. In the past, the majority of companies out there have stuck to offering their employee’s company stock as an incentive for their work, but this is often a problem in the end. Jeremy Goldstein is one of the leading compensation experts in the state of New York that has been working to tackle this issue for a while now, and he believes he has come up with a solution.
This comes in the form of a knockout clause that will allow companies to change the typical method of offering stock options to their employees, saving money, time, and headaches. Jeremy Goldstein released his own overview of what these knockout options are and how they will ultimately affect the corporate world. Traditionally, the disadvantages of stock options are that they limit employees because they often cannot trade their options at good times. It’s also unpredictable in the sense that stock value goes up and down. This means that an employee can potentially receive a huge incentive at one time, but a poor one at another time. This is good and bad for both sides.
While there are some advantages to stock options, they do not come int he form of balance or predictability. With knockout options in effect, companies will be able to compensate their employees how they see fit, typically in larger paychecks from week to week, which is what most employees prefer in the long run. This is why Jeremy thinks it will be beneficial for the long-term growth of corporations. As a compensation lawyer with more than 15 years behind him, working with high-profile clients throughout his career, Jeremy is more than qualified to be making his claims. He also currently runs one of the top compensation law firms in the country, Jeremy Goldstein & Associates LLC in New York. Learn more: http://officialjeremygoldstein.com/