EPS programs have been spreading to many companies around the world in terms of compensation packages available to employees. There is a constant battle going on for increased demand and company’s being incapable of complying with employee needs.
It is perfectly acceptable for employees to want incentives for their hard work, especially considering a loyal employee that has spent years or decades working for a company and increasing productivity. Employee veterans are the ones who are hit the hardest as they feel they’re contributions are unrewarded. Employees also work at their best when incentives are plentiful, which increase their overall productivity and by extension their companies. Before the arrival of Earnings Per Share programs, there wasn’t a good way to choose proper incentives for employees work. This is why companies all over the world are starting to implement this earning per share system.
Jeremy Goldstein is a compensation lawyer that is currently working on options for employee and company to come to a compromise. Jeremy owns his own practice in New York, which is regarded as one of the leading law firms in the country today. Jeremy’s firms, as well as himself, specializes in compensation law, but his firm advises clients on all legal matters. Jeremy believes a compromise is the necessary course of action, as there are pros and cons to the EPS system that affects both parties in the long run. Various management teams, executives, and even government have come to Jeremy Goldstein for his law expertise. Learn more: https://www.crunchbase.com/person/jeremy-goldstein#/entity
In the end, both parties are going to need to come to some sort of agreement in order to end the battle plaguing companies around the world. Disagreement is a natural part of life, but compromise is also, which is what Jeremy believes will be the best course of action. There are always up’s and down’s to every deal and this one is no exception. EPS programs will allow incentives to go up along with the rise in stock prices. Earning Per Share also lets employees know what they can expect based on their performance and the company’s shareholders. That being said, many employees would rather just have the money added to their paychecks at the end of the week, but this would mean huge increases in weekly output for a company without seeing productivity.
The biggest flaw in the plan that Jeremy was able to find was the unbalanced level of power that is held by executives as well as company owners. Though this could be circumvented with proper legal action against executives who abuse power or alter company results for their own good.