Retailers use Esops as bait to retail talent

I found this rather interesting since most retailers are struggling quite a bit to come up with a fool proof plan to attract and retain its employees, especially those that the top rung. Nationwide most companies are lowering the value associated with giving employee stock option plans as fringe benefits due to the government's decision to include them in the tax net, but retailers are still finding them a useful tool in retaining employees. Leading retailer Provogue has just installed its own Esop plan. According to Salil Chaturvedi, promoter of Provouge, “Besides controlling attrition, Esops help in aligning the interest of the managers with those of the owners. Whatever be the outcome of FBT on Esops, I feel Esops are worthy of investment in our human resources.” Other retailers using Esops to attract and retain talent are Reliance Retail, Shoppers’ Stop, Future Group and Piramyd Retail.