Archive for the ‘Companies’ Category

Most experts agree that the way to build wealth over time is to own equity in a company. Of course that’s what buying stocks is all about. As you continue to grow and advance in your career you may have the chance to receive stock options from your company which can be an even better way to gain ownership. Because recent laws have changed about granting and realizing the value of stock option grants it may affect the way that your employer handles this kind of compensation. It’s important for you to read about this and stay on top of your choices and responsibilities in this respect. Stock options are no guarantee of future wealth, but have proven extremely beneficial for thousands of professionals and for the companies that grant them to their employees. Take the time to understand how options work in your company. Get some advice from your financial adviser about how to best manage options when you get them.

When he was the Secretary of the Treasury Larry Summers said, “No one in the history of the world has ever washed a rented car.” On the other hand, do you remember how you pampered the first vehicle you owned? Providing shared ownership is one way that companies attract and retain the best and brightest talent. People are much more engaged when they have some kind of ownership and control over the organization for which they work. Take the time to educate yourself about options so that as your professional contribution to your company grows you can take advantage of this important part of your compensation.

Technorati Tags: stock options, compensation, career development