Getting ESOPs as a salary package? Here’s why you should consider them

ESOPs are regarded as a desirable alternative since workers can directly participate in the company's success by holding shares and can reap financial benefits by selling shares that were bought at a cheaper rate. Employee Stock Ownership Plans reward employees who have contributed to the company's wealth creation Employee stock ownership plans provide employees with the chance to build wealth while contributing to the company's success. Employee stock ownership plans and employee ownership can help to maintain the founders' and important entrepreneurs' legacies while allowing a new generation to carry on the company's heritage. Calculations for taxes Employee stock ownership plans are taxed as part of an employee's benefits package.