Thinking about your employee stock purchase plan (ESPP) and how appropriately it aligns with your company objectives is important to consider. Many companies offer an ESPP as part of employee compensation packages. It's absolutely a step in the right direction to attract and retain top talent. In fact, it's been proven that employees with ownership in their company through an ESPP tend to work harder, take less unplanned days off, plan for long term employment and offer employment recommendations to their peers. Your employee participation is likely in a good position. But is good, good enough?
Focusing on your people priorities means thinking about new ways to engage more employees and increase participation in your ESPP. But how? Take fractional shares for example. It's exactly what it sounds like — less than one share of a company stock. And although the idea of offering fractional shares is not a new concept, it hasn't been widely used in practice yet. Fractional shares are often overlooked by employers simply because they aren't aware of the tremendous value that fractional shares offer.