Codleo Consulting to announce ESOP and Bonus Salaries under Employees Motivation Scheme

IT Solutions Startup Codleo Consulting has announced that they look forward to issuing Employee Stock Options (ESOP). With this, the company also plans to award a performance and loyalty bonus to its full time and permanent employees. They are planning to launch this ESOP scheme in the coming financial year 2021-22. The scheme will cover over 25% of all employees, from senior leaders to system architects, developers and customer success executives. Codleo aims to motivate, retain, and attract employees to participate in its vision of making a company with a “heart”.

Further, the management has announced its intention to distribute a 12+1-month salary by March 2021. This one month's extra salary will be distributed as an employee bonus to all full time and permanent employees under the "Employees motivation scheme". The bonus salary would eventually amount to 100 – 200% of the employee's salary based on their performance, the company said.

From the leaders

Sharing his thought process behind the implementation of this scheme, Mr RS Maan, Global CRO, Codleo says,

“Our hard-working and diligent team of Codleons is the reason why Codleo is where it is today. Their role in making Codleo a start-up success story is second to none. We expect that the ESOP offer will provide a sense of pride & ownership among its employees, higher satisfaction, and even lower attrition levels. A happy team will eventually contribute to optimal working and they will be able to deliver the best. ‘A happy employee keeps a Company happy’ is the mantra that we live by. With an aim to carry forward our employee-centric approach ahead, we thought of implementing the ESOP scheme. This announcement is indeed an expression of the management’s gratitude to its growing team of techies. We hope we eventually grow our bond with our employees and our team keeps on expanding just like a happy family. ”

Salesforce CRM Practice Lead Mohit Sharma said “We firmly believe our team members are our biggest strength. Our short journey has been breathtaking, especially in terms of our growth in both scale and speed. Codleo is a special entity, where motivated team members are active in problem-solving innovation and collaboration”.

Note: The company is still considering the terms of the ESOP at the time of writing this.