High-tech workers are increasingly considering the stock component of their paychecks when looking for a new job, with many companies like Nvidia offering generous compensation packages. Nvidia’s stock plan is particularly popular among its employees in Israel, who can purchase shares at a discounted price and generate tens of thousands of shekels in additional income each year.
The stock purchase plan at Nvidia allows employees to set aside between 1% and 15% of their salary each month to purchase company shares every six months. Employees receive a 15% discount on the purchase price of the stock and can even purchase it at a historically low price up to two years back. This incentivizes employees to stay with the company or consider working there in the first place, as well as attracting high-tech talent to the industry.
Other high-tech companies like Apple and Intel also offer similar programs with their own variations, such as Intel providing a 15% discount on the share price and allowing employees to set aside a percentage of their salary for purchases. These companies understand that offering incentives for employees is key to retaining top talent and attracting new talent to their organizations.
While not all tech giants offer stock purchase plans, they do provide annual awards of shares based on company performance. For example, Microsoft offers an award plan that provides discounts on the purchase of shares, while Salesforce provides annual awards of restricted stock units (RSUs) that vest over time based on employee performance. These awards are meant to incentivize employees to perform at their best and contribute positively to the growth and success of the company.
Overall, high-tech workers should carefully consider the compensation package offered by any potential employer before accepting a new job. While bonuses may be important, having access to equity through stock ownership can provide long-term financial benefits and stability for both individuals and companies alike.
