Apple CEO Tim Cook announced the stock grant program, which will be available for all of the company's employees last night in a company-wide email, according to Wired.
From top engineers to retail and AppleCare workers, all employees of the tech giant will be eligible for a stock grant program which was available only to Apple's corporate employees. The grant is usually given as an incentive to keep and reward top talent among the corporate employees who are nominated for restricted stock units (RSU).
Hillary Clinton campaigned for companies to share their good fortune with employees who work hard all day for their business to flourish in order to help the middle class. Apple may seem to have taken the call. However, there is a twist to the profit-sharing program being sold by Clinton, as Apple is giving out company stocks.
RSUs are not new to Silicon Valley especially among startup businesses that are struggling with talent and are competing for design, engineering and business talent. A big company like Apple may need to lurk further than the three main aspects of business and add the vast network and retail services given by the storefront and customer-service employees.
According to Wired, the company will give up to 10% of an employee's wages as stock grant, in return for a two year tax credit. The tax credit is 15% of all the money divvied out through the program. Meaning, for an employee who makes $10,000 annually could receive $1,000. In effect, the company earns $150 tax credit.
Apple has been the front-runner in industry for coming up with technological breakthroughs and ethical and environmental standards. The citizens could only be hopeful that many companies follow Apple's footsteps on the issue of profit-sharing with its most valuable assets - its manpower.
Do you think other companies will emulate Apple's good treatment to its employees?
