Working towards sustainable economic development has always been one of the main criteria for corporates who are looking to grow and expand. However, a lot of times, the demands that come from employees could disrupt the flow within a corporate, thereby making it somewhat of a hassle to work around. Corporates want to be able to develop, but also want to keep the employees working with them happy and satisfied with what they are offered. Learn more: http://jlgassociates.com/
One of the ideas that corporates have started to implement is EPS, which refers to employee per share. The concept was aptly described by Jeremy Goldstein, who is a prominent corporate lawyer living in the city of New York. Having worked with a large number of companies through the course of his career, he has witnessed the struggle that they tend to face when they are met with employee demands, often confused about how they should fulfill them. When EPS is implemented, the company can keep in check the number of employees they can hire, and also the other intricacies that go into offering employee incentives. It also helps the corporate decide what kind of incentives need to be given to employees, and how much of an incentive these employees can be entitled to receive.
The EPS system has been seen to have worked brilliantly for large corporates who are otherwise unaware of how they should be granting benefits to employees. In addition, this system also encourages more people to buy shares of different companies, so that they can support all the employees who work for it. Companies that have implemented EPS have seen an incredible amount of increase in their share capital, which has, in turn, led to better incentives for employees.
On the other hand, EPS can have certain drawbacks that corporates can end up experiencing. For one, it becomes difficult to determine just which employees should be entitled to receive these incentives. It creates a disparity between the employees and leads to forced competition between them. Corporates can also start favoring one or more employees and offering incentives to only them over other employees who may be more deserving than them.
Jeremy Goldstein, in the article outlined how compromise is the best route that both the corporate and its employees can take if they want to get certain benefits without going overboard.
Goldstein is a notable name in the field of corporate law and has worked with a wide range of clients and corporates through the course of his entire career. He currently leads his corporate law firm, which is Jeremy Goldstein and Associates in New York City. He is considered to be an incredibly reputed name in the field of law, with an immense amount of experience, particularly in the field of financial law.