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Profit sharing plan for SG Analytics staff

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This plan would help employees achieve the liquidity which the Employee Stock Option Plan (ESOP) could not, Gupta said.This plan would assist workers obtain the liquidity which the Worker Inventory Possibility Plan (ESOP) couldn’t, Gupta stated.

SG Analytics, a analysis and analytics agency primarily based in Pune, has introduced a ‘Revenue Share Plan’, the primary of its type in its business. All the corporate’s full-time workers will probably be coated below this plan. This might be along with the staff’ current compensation construction.

In accordance with Sushant Gupta, founder and CEO, SG Analytics, beginning this 12 months, we have been initiating a company-wide revenue share plan whereby, primarily based on sure standards, a share of earnings of the corporate was going to be distributed throughout all the staff. The earnings can be distributed evenly throughout all the staff, no matter the seniority, successfully making them house owners of the corporate, Gupta stated. This plan would assist workers obtain the liquidity which the Worker Inventory Possibility Plan (ESOP) couldn’t, Gupta stated.

Associated Information

SG Analytics has 900 workers, with 650 full-time workers and the remaining consultants. The corporate is headquartered in Pune with workplaces in New York, Seattle, Austin, London, Zurich and Hyderabad.

Vineet Agarwal, co-CEO, SG Analytics, stated the corporate had witnessed a progress of round 30% in FY20-21. The corporate carried out two hiring drives through the pandemic and onboarded over 200 professionals in 2020.

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