Esop

An Employee Stock Ownership Plan (ESOP) is a program that gives employees an ownership interest in their company through stocks or shares. It acts as a retirement benefit, allowing employees to accumulate company shares over time, aligning their interests with the company's success. When the company performs well or the employee leaves, they can often sell these shares for profit. Essentially, ESOPs motivate employees to contribute to the company's growth, as they directly benefit from its financial success, fostering a sense of shared ownership and commitment.