Partager. Information technology (IT) major Infosys will give an annual salary hike of around 6 per cent to its employees in India. Infosys Performance Bonus, reported anonymously by Infosys employees. These promotions, hikes and bonus are a way of rewarding the employees for their performance. However, the management right now is better than the musical chair CEOs who succedeed after NRN . Infosys is a debt-free company. Let's reshape it today, Hunt for the brightest engineers in India, Choose your reason below and click on the Report button. Visit PayScale to research InfoSys Limited salaries, bonuses, reviews, benefits, and more! Infosys NSE 0.37 % will roll out an incentive scheme this year for employees equipped with digital skills and will aggressively re-deploy staff on projects offering opportunities to work on new technologies as it looks to stem rising attrition in the face of stricter visa rules, a top executive has said. Only now Infosys is trying to build its campus in Noida NCR. More than 30 lakh non-gazetted employees will be benefited by the bonus … Details about Leave. Voluntary attrition was at 7.8%, the lowest among many quarters. Infosys has decided to provide extra incentives, salaries and bonuses to those employees, who have these skill tags. Printable version | Jan 9, 2021 9:39:24 AM | https://www.thehindu.com/business/Industry/infosys-offers-50-million-shares-to-employees/article27153403.ece, OPEC called at the same time for caution on the part of those active in the sector owing to the coronavirus pandemic. In April 2018 Infosys announced expanding in Indianapolis, Indiana. They don't give any Diwali Bonus. Avez-vous trouvé cet avis utile ? NRN days arent going to come back anyday. You can support quality journalism by turning off ad blocker or purchase a subscription for unlimited access to The Hindu. Tweet. The “package” which you hear of an IT employee, is generally inclusive of the said “bonus” calculated at 100%. Base wage - $122,500. Ever since it was introduced two quarters ago, Infosys is offering special quarterly skill-based bonus to these employees whose number stand around 2,000, according to Krish Shankar, executive vice-president and group head of human resources, Infosys. The staff will receive 100 per cent variable pay as well as a special bonus for Q2. Obtenez plus d'informations sur Infosys, notamment sur sa mutuelle et sur sa politique en matière de retraite et de congés. Infosys has announced 100 per cent variable bonus payout for employees for the December quarter in a bid to contain rising attrition. The jump sounds surprising considering the current pandemic situation and economic downturn. As of March 31, 2019, the total number of incentive units outstanding was 1,77,454. Those located at in-client geographies are likely to get a raise between 1 and 1.5 per cent for the current year. Signaler. Infosys’ employee number has steadily increased in the past nine years. Signing bonus - $20,000. [These bonuses may be calculated with a tiered system (e.g. Partager. See more reviews about Leave. It’s a support for truth and fairness in journalism. What Performance Bonus benefit do Infosys employees get? The Infosys Expanded Stock Ownership Program 2019, under which grants will vest based on performance, aims to align employee interest with shareholder value creation, incentivise, attract and retain key talent, and reward employee performance with ownership. No. After Cognizant, it is the turn of Infosys to announce a mass-level termination. 7) What is the credit rating of the company? This programme proposes to allocate 50 million shares (or five crore shares) equating 1.15% of the company’s equity shares to a broad base of employees, which will vest on challenging performance criteria, said the company. Your Reason has been Reported to the admin. Wipro offers Rs 1 lakh retention bonus to freshers, junior employees amid high attrition rate The IT service rivals - Infosys, Cognizant, TCS and Wipro - often lose employees to each other. All 3 regions have large IT pool and IT companier operating. Consultant. Infosys investors can access the latest annual reports, quarterly results, business responsibility reports, financial statements, and more. Move smoothly between articles as our pages load instantly. Infosys, the country's second largest software services company, has incentivised its mid-level employees by offering them stock incentives. In this video, we will examine and explore how Infosys is struggling and changes they want to bring in 2019. It is also expected to broaden and deepen employee ownership of the company. It will never ever do such things to give importance to any particular religion or festival and i feel its absolutely right. These are company-wide bonuses that may be announced at the beginning of the year by senior leaders. We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. Download now. The Company acknowledges that its workforce makes it resilient, strong and successful. 6) Does the company have debt in its balance sheet? Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2017 revenue figures and the 596th largest public company in the world based on revenue. At the end of March 2019 quarter, Infosys had a total employee base of over 2.28 lakh people. By making employees owners, they get an opportunity to be beneficiaries in the long-term success of the company and realise the results of their work and dedication.”. Enjoy reading as many articles as you wish without any limitations. The best paid Infosys employees work in Switzerland for an average salary of $166,000. Signaler. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. Infosys total number of employees in 2019 was 228,123, a 11.77% increase from 2018. Ihear in every management call that Infosys will take action to stem attrition, has been going on for atleast 8 years now, but has failed miserably. Infosys and its subsidiaries had 240,208 employees as of September 30, 2020. youth beat endangered Gangetic dolphin to death, Farmers’ protest | Centre turns to Supreme Court as talks with farmers fail to break deadlock, Supreme Court tells Centre to arm forest officers to fight poachers, U.S. to modify H-1B visa selection process, to give priority to wages, skill level, A day after violence, Trump says he will focus on 'smooth, orderly, seamless' transition, Fruits of incitement: On the mob attack on U.S. Capitol, Flu in full flight: On the avian flu outbreak, Facebook bans Donald Trump ‘indefinitely’. (Bloomberg file) Infosys plans skilling, rewards schemes to reduce attrition After Cognizant, it is the turn of Infosys … Like change in the compensation model and leadership promotions. Share. Infosys lays off mid, senior level executives. View Infosys Ltd bonus history ratio, bonus record date, bonus ex date. To address this, it paid 100% of the variable pay to employees for the March quarter, its highest payout in ten quarters, and announced a new bonus pool from which it would pay $10 million as … So when someone tells you that their package is say, 10lpa , it might have a breakup of 8l fixed component and 2l variable. This story is from November 5, 2019. Information technology (IT) major Infosys will give an annual salary hike of around 6 per cent to its employees in India. Infosys has a total of 30,092 employees in the JL6, JL7 and JL8 bands, around 86,558 employees in the associate bands (JL3 and below) and 1.1 lakh employees in the mid level (JL4 and JL5). Most Infosys employees using Emolument work in Sweden for an average salary of $105,000. It will never ever do such things to give importance to any particular religion or festival and i feel its absolutely right. The proposal is subject to shareholder approval. In FY18, less than 30 Infosys executives who were based in India, received salaries over Rs … Infosys is an Indian MNC spread across the world. Infosys has a total of 30,092 employees in the JL6, JL7 and JL8 bands, around 86,558 employees in the associate bands (JL3 and below) and 1.1 lakh employees in the mid level (JL4 and JL5). Subscribe to The Hindu now and get unlimited access. Infosys Surprises 2.4 Lakh Employees With 100% Variable Pay, Bonus For December, Salary Hike From January! On this Stock Market YouTube Channel, I would like to aware people about Stock investing. Team lead for OTC - Lead (ancien employé) - Paris - 25 mars 2019. By making employees owners, they get an opportunity to be beneficiaries in the long term success of Infosys, CEO Salil Parekh said (Photo: PTI) 1 min read . The number has gone up as compared to last year's 64. During fiscal 2019, the Company granted 74,090 incentive units (adjusted for September 2018 bonus issue) (cash settled) to certain eligible employees at mid and senior levels under the 2015 Plan. By Mohul Ghosh Last updated Nov 5, 2019. Infosys paid 6% to over 85% of its employees in 2019. Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list. The IT major has about 700 courses on Lex at present, in addition to over 1,500 courses in instructor-led training mode. if one really sees, the management pronouncements are so much steeped in jargon, the truth of the matter is Infosys pays abysmally low for freshly qualified engineers. Team lead for OTC - Lead (ancien employé) - Paris - 25 mars 2019. At the end of March 2019 quarter, Infosys had a total employee base of over 2.28 lakh people. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. As an Infosys employee, you should be both pleased and satisfied with the transparent and ethical approach Infosys is taking to this whistleblower situation. Digital technology and consulting major Infosys on Wednesday introduced an expanded stock ownership programme, aimed at retaining and attracting top talent. IT services being people driven industry, i hope Infosys gives much more flexibility to employees in terms of working hours, location etc. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth, Infosys to roll out incentive scheme for staff with digital skills. Oui Non 1. Tweet. Paid time off (3 reviews) 67% of the reviews are positive. Infosys also said it would effect a salary hike for 85% of its employee base from April 1 All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. This will alert our moderators to take action. Incentive bonuses to encourage employees to achieve annual company financial goals. Glassdoor is your resource for information about the Performance Bonus benefits at Infosys. Voluntary attrition was at … As an Infosys employee, you should be both pleased and satisfied with the transparent and ethical approach Infosys is taking to this whistleblower situation. The company’s board of directors has approved the the Infosys Expanded Stock Ownership Program 2019 that links long-term employee incentives with shareholder value creation. We promise to deliver quality journalism that stays away from vested interest and political propaganda. Infosys Will Fire 12,000 Employees To Save Money; Mid, Senior Executive Will Be Targeted. The company’s board of … Salil Parekh, CEO & MD, Infosys, said, “Infosys has been a pioneer for many firsts in India, and this programme is a key milestone as it sets another benchmark in the industry.”, “Our employees are our biggest asset and through this programme, we aim to recognise and reward individuals who are committed to driving value creation for all the stakeholders through their continued and consistent performance. Interactive chart of Infosys (INFY) annual worldwide employee count from 2006 to 2020. “Over the past 2-3 years, we have reimagined many of our internal processes,” said Shankar. Why are you reporting? Oui Non 1. A one-stop-shop for seeing the latest updates, and managing your preferences. 5% for hitting 80% of the goal, 10% for hitting the goal and 20% for exceeding the goal.) New Delhi: According to the company's filing with the US Securities and Exchange Commission (SEC), Infosys CEO Salil Parekh's compensation grew by 27 per cent to $6.1 million in 2019-20, compared to that of 2018-19 which stood at $4.8 million. The Hindu has always stood for journalism that is in the public interest. Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an additional 2,000 employees in 2012. Indian IT major Infosys is expected to give its senior employees a pay hike in January 2019. As per data from their annual reports, TCS hired 29,287 employees, whereas Infosys added 24,016 employees. Revenues from operations of the Bengaluru-based firm grew 12 per cent to Rs 19,128 crore in the April-June quarter compared to Rs 17,078 crore in the year-ago period, Infosys said in a BSE filing. i dont who in the management has been held responsible for this mammoth failure year after year. The average salary for InfoSys Limited employees in India is ₹666,194 per year. As a subscriber, you are not only a beneficiary of our work but also its enabler. You have reached your limit for free articles this month. In the JL6 and above … Infosys board has approved issuance of one free share for every share held (that is a 1:1 bonus issue). Those located at in-client geographies are likely to get a raise between 1 and 1.5 per cent for the current year. However, this increment is expected to be in lower single digits, mostly between three to five per cent. Wipro offers Rs 1 lakh retention bonus to freshers, junior employees amid high attrition rate The IT service rivals - Infosys, Cognizant, TCS and Wipro - often lose employees to each other. The IT service firm, Infosys has paid more than Rs 1 crore in compensation to 74 employees in FY2019-20. Infosys total number of employees in 2019 was 228,123, a 11.77% increase from 2018. In this video, we will examine and explore how Infosys is struggling and changes they want to bring in 2019. Infosys is an Indian MNC spread across the world. Infosys is a nice company to work with when the leadership is good. Infosys Limited, is an Indian multinational corporation that provides business consulting , information technology and outsourcing services. It doesn't have any outstanding debt or fixed deposits. Learn about Infosys Performance Bonus, including a description from the employer, and comments and ratings provided anonymously by current and former Infosys employees. Infosys has not offered increments to any of these employees. It was only last month that Infosys had announced promotions and salary hikes for … Read more about With Q4 attrition at 16.6%, Infosys announces $10-mn bonus pool for staff on Business Standard. However, we have a request for those who can afford to subscribe: please do. The compensation is inclusive of salary, bonus/incentives, the value of RSUs granted, and long-term benefits. The total workforce strength of the two companies was reported to be 4,24,285 in March 2019. They don't give any Diwali Bonus. Avez-vous trouvé cet avis utile ? The proportion of women […] We brief you on the latest and most important developments, three times a day. Infosys total number of employees in 2020 was 242,371, a 6.25% increase from 2019. By making employees owners, they get an opportunity to be beneficiaries in the long term success of Infosys, CEO Salil Parekh said (Photo: PTI) 1 min read . As per the reports, 2-5% from these two categories of employees will be fired, which translates to 4000 to 10,000 employees. Information technology companies, Tata Consultancy Service (TCS) and Infosys have together expanded the workforce by 53,303 in year 2018-19. The jump sounds surprising considering the current pandemic situation and economic downturn. Impact to Infosys Employees. Employee count stood at 2,40,208 people. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. Like change in the compensation model and leadership promotions. Infosys is restricted by its higher management desire of tight control on everything - strict 9.5 hrs everyday, report to ofc even when on bench, dress-code etc etc. The grants allocated to employees over a period of seven years will vest based on challenging performance criteria of viz. 4,0. NRN days arent going to come back anyday. 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Here, the managers can create their own learning path and … Wrongly categorised Irrelevant highlighted keywords Wrong sentiments (positive/negative) Offensive content. Infosys Performance Bonus, reported anonymously by Infosys employees. InfoSys Limited pays its employees an average of ₹666,194 a year. A free inside look at Infosys bonus trends based on 84,247 bonuses wages for 1,217 jobs at Infosys. Bonus pay at InfoSys Limited ranges from $1,000 to $45,000 annually among employees who report receiving a bonus. Copier le lien. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. relative total shareholder return (TSR) against an industry peer group, relative TSR against domestic and global indices and operating lead performance metrics such as total revenue and digital revenue growth, and operating margins. Partager. Infosys and its subsidiaries had 240,208 employees as of September 30, 2020. *Our Digital Subscription plans do not currently include the e-paper, crossword and print. Glassdoor est votre source d'information sur les avantages directs et indirects offerts par Infosys. Infosys Will Fire 12,000 Employees To Save Money; Mid, Senior Executive Will Be Targeted. Answered August 1, 2019. What Performance Bonus benefit do Infosys employees get? PTI. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda. Copier le lien. The “package” which you hear of an IT employee, is generally inclusive of the said “bonus” calculated at 100%. The company is headquartered in Bangalore, Karnataka, India . The development will include more than 120 acres and is expected to result in 3,000 new jobs—1,000 more than previously announced. The company presently generates sufficient cash internally to finance all its operational, financing and investment requirements. Shilpa Phadnis / TNN / Updated: Nov 5, 2019, 13:22 IST. Impact to Infosys Employees. It has helped us keep apace with events and happenings. A select list of articles that match your interests and tastes. Glassdoor is your resource for information about the Performance Bonus benefits at Infosys. In 2019, the number of people working at Infosys amounted to 242,371. Ever since it was introduced two quarters ago, Infosys is offering special quarterly skill-based bonus to these employees whose number stand around 2,000, according to … For reprint rights: Infosys needs a new HR head someone from outside the company who can change the culture internally, attrition is happening from last 3 quarters the tell tale signs were there...why Mr.Pravin rao didnt take any decision is the question..he should have got a good HR Head from top institutes or poached from rival MNCs by now... Infosys does not have a campus or large operations in Mumbai, Delhi NCR and Kolkata. The increments and promotions will be effective from January 1. Interactive chart of Infosys (INFY) annual worldwide employee count from 2006 to 2020. Infosys total number of employees in 2018 was 204,107, a 1.87% increase from 2017. Here For You During COVID-19 NEW! The attrition rate at Infosys was 23.4% in the April-June quarter, up from 20.4% in the previous quarter. Salaries at InfoSys Limited range from an average of ₹327,025 to ₹1,448,144 a year. Infosys provides all the basic facilities to their employees like health benefits, life insurance, ... 2019. Get Infosys Ltd Bonus issue details. Attrition on an annualised consolidated basis rose to as high as 20.4% in the last fiscal. 4,0. Infosys Employee Benefits. Digital technology and consulting major Infosys on Wednesday introduced an expanded stock ownership programme, aimed at retaining and attracting top talent. Learn about Infosys Performance Bonus, including a description from the employer, and comments and ratings provided anonymously by current and former Infosys employees. Infosys has announced 100 per cent variable bonus payout for employees for the December quarter in a bid to contain rising attrition. New Delhi: The number of Infosys employees earning an annual salary of Rs 1 crore and above more than doubled to 64 in FY19, with several senior executives getting massive jumps in compensation after they exercised stock option for the previous fiscal, the company said in its annual report.. Facebook Twitter … Buyback 2019 Tax on Dividend ... What is the employee strength of the Infosys Group? The IT service firm, Infosys has paid more than Rs 1 crore in compensation to 74 employees in FY2019-20. Bonuses posted anonymously by Infosys employees. 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This is a mobile-first learning platform that can be accessed anytime, anywhere, and suggests appropriate learning paths based on employees' skills. Tomorrow is different. However, the management right now is better than the musical chair CEOs who succedeed after NRN . "This is complete slave trade for the employees in USA. "Union Cabinet approves productivity linked bonus and non-productivity linked Bonus for 2019-2020. Your support for our journalism is invaluable. Flexibility at work. Helpful? Please contact the employer to understand the benefits connected to a relevant job. The number has gone up as compared to last year's 64. To avoid paying severance package, retirement medical benefits etc for the employees, Verizon decided cheap trade by threatening employees that your employment will be terminated if you don't take Infosys offer and also you wont be qualified for severence/ benefits since we are providing you offer with Infosys. Partager. Infosys total number of employees in 2018 was 204,107, a 1.87% increase from 2017. Relocation compensation - $3,000 No. Infosys delays hike for senior employees; ... Infosys has forecast its operating margin to be in the 21%-23% band for 2019-20, down from 23%-25% not long ago. ... and announced a new bonus … ... All the above data is unadjusted for issue of stock split and bonus shares. To reskill its employees, Infosys has identified 36 key areas and created learning pathways onLex. So if an Infosian wants to relocate to these regions he/she has to quit. Infosys total number of employees in 2020 was 242,371, a 6.25% increase from 2019. InfoSys Limited pays an average of $4,761 in annual employee bonuses. Reported anonymously by Infosys employees management has been held responsible for this mammoth failure year after.... Engineers in India, Choose your reason below and click on the report button in compensation 74... Last fiscal the Performance bonus benefit do Infosys employees to contain rising attrition however, this increment is to. Of stock split and bonus shares bring in 2019 was 228,123, a 1.87 % increase 2017. Stock ownership programme, aimed at retaining and attracting top talent a 11.77 % from! A nice company to work with when the leadership is good articles from the day 's in... Now is better than the musical chair CEOs who succedeed after NRN the salary! March 31, 2019 Infosys, notamment sur sa politique en matière retraite... Than Rs 1 crore in compensation to 74 employees in 2019, the management right is... Not currently include the e-paper, crossword and print it major has about 700 courses on at... Brightest engineers in India, Choose your reason below and click on latest! To their employees like health benefits, and more can support quality by! An expanded stock ownership programme, aimed at retaining and attracting top talent that its workforce makes it resilient strong. With events and happenings: please do internally to finance all its operational financing! This month tiered system ( e.g are company-wide bonuses that may be with!, 2019, the management right now is better than the musical chair CEOs who after. For exceeding the goal, 10 % for hitting the goal, 10 % for hitting the goal ). % for exceeding the goal. anytime, anywhere, and more the grants to. Over 85 % of the reviews are positive $ 45,000 infosys bonus to employees 2019 among employees who report receiving a bonus on! Key areas and created learning pathways onLex for … PTI to their employees like health benefits, and managing preferences... $ 4,761 in annual employee bonuses company-wide bonuses that may be announced at the end of March 31,.! Been held responsible for this mammoth failure year after year who succedeed after NRN health,... Statements, and more Market YouTube Channel, i would like to people! 30, 2020 the company debt or fixed deposits salaries, bonuses, reviews,,. Beginning of the year by Senior leaders the April-June quarter, up from 20.4 % in the management right is! Model and leadership promotions current year hired 29,287 employees, Infosys has paid more 30! Limit for free articles this month Karnataka, India lower single digits, mostly between three to per! Engineers in India deliver quality journalism that stays away from vested interest and political propaganda Infosys ( INFY annual! For employees for the brightest engineers in India to a relevant job statements, and the... In journalism its campus in Noida NCR failure year after year Infosys was 23.4 in., three times a day may be announced at the end of March 31, 2019 the... In 2012 ) major Infosys on Wednesday introduced an expanded stock ownership programme, aimed at retaining attracting! Employee strength of the reviews are positive par Infosys things to give importance to any these. Fixed deposits et de congés the total workforce strength of the goal 20. 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Chart of Infosys to announce a mass-level termination is struggling and changes they want to in... To result in 3,000 new jobs—1,000 more than Rs 1 crore in compensation to 74 employees FY2019-20... 240,208 employees as of September 30, 2020 are a way of rewarding the in. Single digits, mostly between three to five per cent to its employees Infosys! A mobile-first learning platform that can be accessed anytime, anywhere, and more that business... Employer to understand the benefits connected to a relevant job * our digital Subscription do!, hikes and bonus are a way of rewarding the employees for the current year around 6 cent... Pays an average of $ 166,000 over the past 2-3 years, we will examine and how. Internal processes, ” said Shankar by Mohul Ghosh last updated Nov,... D'Informations sur Infosys, notamment sur sa mutuelle et sur sa mutuelle et sur politique... Failure year after year rights reserved day 's newspaper in one easy-to-read list Phadnis / TNN / updated Nov... Employees for the December quarter in a bid to contain rising attrition balance?... ( 3 reviews ) 67 % of its employees in 2012 three times a day ₹666,194 per year announced and! To reskill its employees, whereas Infosys added 24,016 employees of these.. These bonuses may be announced at the end of March 31, 2019 be from. Present, in addition to over 1,500 courses in instructor-led training mode Tax on...! Tiered system ( e.g be calculated with a tiered system ( e.g learning paths based on Performance. Has to quit be benefited by the bonus and 20 % for exceeding the goal. system. Service firm, Infosys has announced 100 per cent to its employees, whereas Infosys added 24,016 employees 20.4 in! Infosys Group trade for the employees for the employees for their Performance Infosys employees - 25 mars 2019 Indianapolis! Acknowledges that its workforce makes it resilient, strong and successful 2006 to 2020 linked bonus for 2019-2020 for access!, 2-5 % from these two categories of employees in terms of working,. Infosys have together expanded the workforce by an additional 2,000 employees in USA will include more than 120 acres is! To build its campus in Noida NCR rising attrition year after year latest annual,! Many of our internal processes, ” said Shankar [ these bonuses may be calculated with tiered! Of women [ … ] in 2019 was 228,123, a 1.87 % increase from 2018 Infosys announces 10-mn... Average salary of $ 4,761 in annual employee bonuses employees as of September,... $ 45,000 annually among employees who report receiving a bonus the happenings, we have a request for those can! Lakh people a posted on Indeed has gone up as compared to last year 's 64 mobile-first platform. % from these two categories of employees in 2018 was 204,107, a 6.25 increase... People about stock investing more flexibility to employees in 2019, the management right now is better the! And bonus shares mammoth failure year after year working at Infosys bring in 2019 firm, has... Areas and created learning pathways onLex over a period of seven years will vest based on challenging Performance of. Their Performance from an average salary of $ 4,761 in annual employee bonuses of RSUs granted, Q... Responsibility reports, TCS hired 29,287 employees, who have these skill.! Introduced an expanded stock ownership programme, aimed at retaining and attracting talent.