What is an LTIP?
Long Term Incentive Plans (LTIPs) are programs that provide a potential award to key employees above and beyond their basic salary. An LTIP offers incentives and bonuses over fixed long-term periods, usually more than three to five years
Sharing in growth
An executive’s investment of time, energy and experience in a company is instrumental to its success. An LTIP values an employee’s contribution to the growth of an organization and allows them to reap the rewards of this success, as if they were owners.
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LTIPs are designed to help achieve predetermined performance goals. Having them in place really helps employees focus on targets, propelling the success of a company forward.
The opportunity to own and share in the wealth of a company is a big incentive when it comes to attracting top talent.
LTIPs boost employee retention with their ‘golden handcuff’ effect. Given that conditions include continued employment, LTIP awards encourage employees to stay with a company.
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The Global Shares Academy is a space for people from across all industries who want to learn more about employee ownership. Discover the differences between various plan types and enjoy our free templates for establishing, communicating and administering a wide array of employee stock plans. Follow our guides and learn from our experts about how to attract, engage and retain the best employees.