SAP Offers Award-Winning Employee Share Purchase Plan
SAP recognizes that its workforce is key to its success and acknowledges the commitment of its employees. Employees who give their best for SAP every day should also have a stake in SAP’s success.
SAP has recently won the prestigious Global Equity Organization (GEO)* award for “Best Plan Effectiveness” to recognize its employee share purchase plan, Own SAP. This is the second award that SAP won for Own SAP – a plan with attractive purchasing conditions that was only launched seven months ago.
Own SAP enables employees to purchase company shares with a generous employer contribution and low investment risk. On top of their own investment, participants benefit from a 40% matching contribution and an additional €20 per month (for non-executives).
Attractive share purchase plans contribute to a company’s reputation in the market and make a difference when attracting new talents. For existing SAP employees, this voluntary company reward contributes to employee engagement and underlines the Company’s standing as a best place to work. A strong participation in Own SAP leads to a strong shareholder mentality within the Company. Employees are more motivated to contribute to the Company’s success and identify themselves more strongly with SAP as their employer.
The GEO jury acknowledged how well Own SAP met the plan’s intention of reaching a broad employee base, running simple and unifying SAP’s global workforce. Key highlights mentioned were the radically different plan design, use of technology to achieve a high level of automation for internal processes, the broad geographical reach of the plan, and the high participation. More than 70% of SAP employees worldwide participated in Own SAP, showing that its employees really believe in SAP and, therefore, want to become shareholders.
*GEO awards innovation, excellence, achievement, and extraordinary individuals and organizations who have engaged, retained, and recruited employees through their exemplary share based compensation strategies.
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