Stock Options, an Attractive Tool for the Business Sector

Corporate attorney Juan Felipe Arango wrote an article for Lexir about the implementation of stock options as an innovative tool in the Colombian business sector for talent retention. In the context of a work environment where the competition to retain young professionals is fierce, Mr. Arango highlights that stock options allow employees to purchase shares at preferential prices, encouraging their retention and enhancing their sense of belonging within a company. This strategy aligns with the conclusions of journalist Andrés Oppenheimer regarding current labor trends, and thus offers a solution to the global phenomenon of massive resignations, as seen in the United States and which has also impacted Colombia with an 8 percent increase in resignations toward the end of 2023. Mr. Arango adds that this alternative requires proper legal advice to avoid conflicts and ensure business control.

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