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SG Analytics Rolls Out 'Profit Share Plan'

SG Analytics Rolls Out 'Profit Share Plan'

SG Analytics has announced ‘Profit Share Plan’ for all full-time employees in a bid to share its success with its workforce.

 

As a part of plan, all the employees will be covered under either the Profit Share Plan or the Employee Stock Option Plan. This inclusion will be in addition to its existing compensation structure.

 

Sushant Gupta, Founder & CEO, SG Analytics, "SGA is a people-first company. In-line with this philosophy, starting this year, we are initiating a company-wide profit share plan wherein, based on certain criteria, a share of profits of the company are going to be distributed evenly across all the employees. I am particularly excited about this plan because it helps the employees achieve the liquidity which an ESOP plan does not do. Also, very importantly, the profits will be distributed evenly across all the employees, irrespective of the seniority, effectively making them owners of the company. The objective of this initiative is to empower and motivate every member of the SGA family to work towards taking the SGA success story to greater heights and grow and prosper together.

 

The company has also announced that starting this year, all full-time employees of SG Analytics and their immediate family members will be covered under a company-sponsored medical health insurance. All employees will also be covered under the group personal accidental plan for up to three times their remuneration.

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