Tata Group-owned Air India is likely to offer employee stock options (ESOPS) to its staff in an attempt to incentivise them and improve the overall performance by giving them a sense of ownership in the company.
The board will soon come up with a detailed ESOP policy that will state the number of shares and prices at which it will be offered to the employees, according to a report by the Business Standard.
“As part of the share purchase agreement, the Tata Group has agreed to give 3 per cent of Air India’s equity shares to the permanent employees of the company. The board will soon pass a resolution to this effect.
