Redhill launches employee stock ownership plan as part efforts to drive talent retention

The first tranche of the scheme is open to all current employees who have been with the firm for at least three years.

Global communications agency Redhill has launched an employee stock ownership plan (ESOP), as part of efforts to "prioritises employee engagement and continued investment" in the agency's success.

Taking effect on 1 May 2024 (Wednesday), in conjunction with Labour Day, the scheme sees its first tranche open to all current employees who have been with the firm for at least three years.

Manisha Seewal, President, Redhill, said this launch celebrates the milestone of the company's 10^th anniversary in business, and comes as a move to "prioritise rewarding our employees who have journeyed with us."

"The introduction of our ESOP plan reflects our dedication to empowering every employee through collective ownership and further strengthening client relationships. Regardless of rank, all employees will receive ESOPs, embodying our belief in the strength of collective ownership", she shared, citing the plan as "a strategic move to attract and retain talent".

The Singapore-headquartered agency currently has a workforce of more than 200 team members across 20 markets, including Singapore, Malaysia, Indonesia, Hong Kong, India, the Philippines, Vietnam, Thailand, and more, globally.

READ MORE: Going beyond the annual party: Engagement, rewards and recognition initiatives by employers in Hong Kong

Photo: Provided