The Cashless ESPP: Financially Inclusive Stock Ownership
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Equity compensation should be available to all employees, don’t you think? After all, companies that give their employees a slice of the equity pie perform better.
Nowadays, even though employee stock plans like ESPPs are the norm, only an average of 3 out of every 10 employees actually participate in these plans. Sounds like a lot of missed opportunity for employees and employers alike.
But why is this? Unfortunately, ESPP participation rates are highly correlated to income, with lower earning employees struggling to get involved.
That’s where Carver Edison’s Cashless Participation comes in. We are excited to announce that inclusive employee ownership is finally here, and we are delighted to partner with Carver Edison to bring it to you.
Cashless Participation is an enhancement to stock plans that companies can use to help employees address wealth inequality challenges within the workplace.
How can you learn more?
In ‘The Cashless ESPP: Financially Inclusive Stock Ownership’ our experts explore everything you need to know about this innovative approach to equity compensation.
You’ll be led by Cally Bruce, Chief Revenue Officer at Carver Edison, who works directly with issuers and plan administrators to spur the modernization of ESPPs and Chris Dohrmann, Senior VP of Strategic Relationships for Global Shares in the US, who has over 30 years’ experience working with companies of all sizes on their equity.
We’ll explore:
- How Cashless Participation works
- Who benefits (Spoiler: it’s the employees, employer and shareholders)
- How it integrates with your accounting
- How it is rolled out seamlessly with Global Shares
- Why financially inclusive and diverse employee ownership matters
Please Note: This publication contains general information only and J.P. Morgan Workplace Solutions is not, through this article, issuing any advice, be it legal, financial, tax-related, business-related, professional or other. J.P. Morgan Workplace Solutions’ Insights is not a substitute for professional advice and should not be used as such. J.P. Morgan Workplace Solutions does not assume any liability for reliance on the information provided herein.