A growing number of companies start to include stock options
to the benefits package. Employee stock options give an employee an opportunity to buy a specified number of shares in a company at a specified price within a set period of time. It's usually the market price at the time the option is offered. An employee can purchase the shares at the set price and sell them when the stock has gone up or hold it for later.
Important note: stock options are not provided to every single employee at the company and conditions are determined for every single recipient. In some companies, only executives benefit from the options, while in others all senior-level developers.
Among the Armenian IT companies we compared, 8 of them offer employee stock options: Vineti
Additional financial support
There are a number of financial benefits: performance-based bonuses, referral bonuses, annual bonuses or 13th salary as some companies call it. Digitain, PicsArt, Synergy, Webb Fontaine, Benivo provide financial support in case of marriage and childbirth, Birthdays. That doesn't mean that other companies don't organize Birthday celebrations and gifts.
In addition to that, Priotix
provides financial services with preferential rates. Benivo
provides pay later employee cash flow support.
Importance of the benefits package
For the candidates, perks of the package are obvious. Most of the items provide substantial financial support and greatly improve the quality of work and live.
From the company's side, the costs are high but a comprehensive benefit package helps to attract and retain talent as it shows that the company is investing in the well-being of the employees. And it helps to differentiate from competitors.