I have been offered a job, and the HR sent me a salary structure for acceptance with a total CTC, which includes ESOP (which I have to buy at the base price, usually lesser). However, the same is not reflected in the offer letter's salary details.
I am a bit concerned about this move by HR. Please provide your valuable suggestions on how to proceed further.
From United Kingdom
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I am a bit concerned about this move by HR. Please provide your valuable suggestions on how to proceed further.
From United Kingdom
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Clarifying Employment Terms
It's the most fool-making funda used nowadays in some reputed industries. Before joining, please clarify the following:
- Is there any service time bond attached to it?
- How to encash it and what is the eligibility to encash it?
- Do I have to submit securities for it?
- If I don't prefer it, then how will you pay the same to me?
Regards,
Sanjay
From India, Vadodara
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It's the most fool-making funda used nowadays in some reputed industries. Before joining, please clarify the following:
- Is there any service time bond attached to it?
- How to encash it and what is the eligibility to encash it?
- Do I have to submit securities for it?
- If I don't prefer it, then how will you pay the same to me?
Regards,
Sanjay
From India, Vadodara
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ESOP - Employee Stock Option Plan
ESOPs are being used to retain people for a minimum period of 2 years or more, with a lot of strings attached. There is also a lock-in period. It is better to get confirmation from HR before making any moves.
Thank you,
Pon
From India, Lucknow
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616ESOPs are being used to retain people for a minimum period of 2 years or more, with a lot of strings attached. There is also a lock-in period. It is better to get confirmation from HR before making any moves.
Thank you,
Pon
From India, Lucknow
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Sample Internship Offer Letter.doc
Offer acceptance letter.zip