High-tech workers on Wall Street are increasingly considering the stock component of their paychecks when searching for a new job, with companies like Nvidia seeing a surge in demand for their stock. Nvidia’s stock plan is among the most generous in the market, providing employees with an opportunity to generate additional income through stock purchases.
Nvidia allows employees to set aside a portion of their salary each month to purchase shares every six months, with a 15% discount on the purchase price. This means that employees can buy shares at a historical price up to two years back, potentially resulting in significant returns. Other high-tech companies like Apple and Intel also offer stock purchase plans with varying terms and restrictions.
While some companies offer generous stock purchase plans, others provide annual awards of shares based on performance, such as Amazon, Google, and Meta. These companies often rely on cash bonuses as incentives for employees instead. Ultimately, the various options offered by tech giants play a crucial role in attracting and retaining talent in an increasingly competitive industry.
