Chennai, NFAPost: In a trendsetting gesture, high-end product engineering firm Ideas2IT on Tuesday announced an initiative called employee ownership programme, aimed at providing genuine ownership to the staff to ensure a pleasurable and continuous journey.
Through this programme, the Chennai-headquartered company’s employees will receive a remarkable 33% stake in the company, of which 5% will be given to selected 40 employees who have been with the company since inception and the rest will be distributed to all the employees.
The company has also felicitated its employees by rewarding 50 cars for 50 employees as part of their wealth sharing initiative which was initiated last year.
The founders of the company Murali Vivekanandan and Bhavani Raman, gifted 50 cars to 50 employees and 1/3rd of the company’s ownership to the most reliable employees.
As part of its employee ownership programme, the selected employees will become valued stakeholders, aligning their interests directly with the company’s long-term success.
With the launch of such employee-friendly wealth sharing initiatives, Ideas2IT is poised to transform the employees working experience and forge a strong collaborative corporate culture, emotional attachment with the company and move towards a journey of collective success that extends beyond the workplace, said a release by the company.
Commenting on the employee friendly approach of the company, Ideas2IT Founder and Chairman Murali Vivekanandan said he is extremely delighted to felicitate the first set of making ‘employees to partners’.
“At Ideas2IT, we believe in recognising and rewarding the exceptional talent that drives our success and growth. They are our brand ambassadors for the programme and will surely be an incredible inspiration to other employees,” said Ideas2IT Founder and Chairman Murali Vivekanandan.
The decision to allocate a significant ownership stake to the most trusted employees reflects Ideas2IT’s belief in the power of shared success. This move ensures that employees are not just contributors but true partners in the company’s successful journey, according to the release.
Ideas2IT Founder Bhavani Raman said many corporates say that they treat them as families but Ideas2IT would prefer not to do just a lip service.
“We want to truly make them owners and partners in this journey. I believe this forward-thinking initiative aims to boost employee’s morale, engagement and loyalty,” said Ideas2IT Founder Bhavani Raman
The company also believes the decision will foster a sense of belonging and ownership, further motivating employees to contribute their best to the company’s growth.
Ideas2IT was incorporated in 2009 in Chennai. The company which started with only six handpicked engineers, currently employs over 700 plus technologists in the US, Mexico and India.
