We're delighted for Rob van den Heuvel and the whole Sendcloud team – another stellar European scaleup empowering its employees with equity ownership. With so many leading tech companies emerging from the Netherlands, we are excited that the next stop on our European equity roadshow will be Amsterdam! Register your interest in joining us at our September breakfast event: https://lnkd.in/eJ5R6hMc
Earlier this year, we launched our Employee Equity Participation Plan at Sendcloud: a great opportunity for employees to become co-owners of the company 💙 Why do we do this? Well, as an employee, you know our business the best and have a direct influence on the outcomes. Therefore, it’s only fair that you can share in the potential financial success and enjoy a nice return as well. From a Sendcloud perspective, it also helps us save some cash each month, which we can use for further growth (and thus create more value). But most importantly, we believe that owning a piece of the company you work for will increase the feeling of ownership among our employees, boost loyalty, and encourage the team to go the extra mile! And how does it work? Every 6 months, employees get the opportunity to sign up for a new batch and invest between 5 and 20% of their net salaries in company shares. The shares have no voting rights, are not transferable, and can only be cashed out upon a company exit. And does it work? Due to some tax and legal constraints, only employees in the Netherlands were allowed to participate in the first cycle, but it was already a success with over 100 employees participating. This was beyond our expectations. If you want to know more about our EEPP, I’m happy to connect you with the right people within the company! P.S. Next to being able to invest in the company as an employee we also have another program where our top performers get stock appreciation rights (SAR) granted to them.