In 2018, the Avanceon ESOP matured and Avanceoners became partners in their organization’s success. With shares trading at PKR 57.37/- on April 12, 2018, Avanceoners were able to enjoy a well-earned profit.
On September 26, 2013, Avanceon allotted 4,199,629 shares at PKR 1/- to its employees. As part of the Employees Share Option Scheme, on this day, Avanceon joined the list of socially responsible organizations that believes in making its employees a part of their success.
Instituting Employee Share Option Schemes comes with many benefits for both the employee and the organization. One of the biggest benefits of an ESOP is its increase in productivity. Countless studies have shown that ESOP companies outperform Non–ESOP companies. In addition to monetary benefits, Employee Share Option Schemes can also serve as a viable retirement benefit option for the employee.
CEO & Founder Bakhtiar H. Wain said at the ESOP celebration in Lahore
‘This is certainly a dream come true for us. The promise we made in 2013 has finally been fulfilled in 2018. This was possible only because of everyone’s dedication and passion’