Over the years, people started learning more about their employee benefits. The ever-changing environment of the business world became more complex when people stopped asking for stock options. They just don’t see the benefit to risking benefits when they could have something like higher salaries or better insurance coverage.
That’s where experts like Jeremy Goldstein into play. He understands people’s fears and wants them to know that there are many kinds of stock options. Still, the stock option method isn’t something just workers don’t want. Corporations don’t want to deal with them either.
Many corporations eliminated stock options because they wanted to offer easier benefits. Stock options come with a long list of unnecessary burdens. Employees seem to prefer other benefits anyway. It only makes sense for corporations to offer different benefits. However, Jeremy Goldstein isn’t too sure that corporations know what they’re giving up.
For a start, stock options make employee personally invested in the company. People work harder for a company they feel they have a say in what goes on. Stock options make them directly responsible for the stock’s value. That means people can see their work improving their stocks’ value.
Not only will people work harder to satisfy current customers. They’ll develop innovative products and services to attract more desired customers. They’ll also work harder to set the company apart from others and make it stand out more. This all creates a better work environment, meaning productivity and efficiency subsequently rise as well.
Even though stock options sound great when looked at from Jeremy Goldstein’s perspective, corporations still need to talk to their auditors. Stock options may not be the best for every corporation. Employee benefits are a serious matter that needs to be heavily discussed before eliminating or providing anything to employees.
Jeremy Goldstein is a partner at his own law firm, Jeremy L. Goldstein and Associates. He established this firm after working at a similar organization for a number of years. Since then, he’s gained 15 years of experience working on some high-profile cases. He’s basically worked on every major case his firm has handled.
When he’s not working, he’s donating his time to local charities. He serves on the board of a local foundation called Fountain House. Learn more: http://clsbluesky.law.columbia.edu/2015/09/10/goldstein-and-associates-discuss-short-termism-performance-goals-and-executive-compensation/