Share plans can be created to meet a multitude of corporate objectives which must be balanced with the legal, regulatory, and tax issues, both in the headquarters country as well as in other jurisdictions. An equally important challenge is to create a global plan that maintains the core corporate philosophy while adapting to local cultural concerns.
This award category allows applicants to demonstrate how creative they are in working around potential stumbling blocks in developing and implementing global share plans. Measurements in this category include how well the plan was creatively adapted to local tax and regulatory laws, innovative ways to increase employee participation and excitement and how the plan differs from competitors or industry norms.
THE 2023 MOST INNOVATIVE PLAN DESIGN WINNERS
- SHOPIFYBetween 10,000 and 75,000 employeesCanada
PROGRAM NAME: SHOPIFY FLEX COMP (REWARDS WALLET)
PARTNERS:DELOITTE; MORGAN STANLEY AT WORK
Shopify Flex Comp is a groundbreaking approach to compensation that gives employees unprecedented agency over their pay and benefits. With an 86% take-up rate among Shopify employees, it has proven to be a highly popular development. The program transforms the conventional approach to remuneration by providing employees with the ability to choose exactly how they want to allocate their total reward. The program removes unnecessary historical barriers and enables employees to have control, flexibility, and clarity around every aspect of their compensation. The smart UX design provides employees with a one-stop-shop for understanding and monitoring their compensation, making it easy to adjust their choices as their needs change.
Shopify Flex Comp ties employee rewards to the mission, not to the market or world events. As employees advance in their careers and make a positive impact on the company's mission, their compensation grows. The program's innovative and creative approach required Shopify's teams to work collectively for seven months to ensure they covered all their bases and properly adhered to each country-specific requirement. This innovative program was very well received, and Shopify has earned praise for their creative approach to compensation.
The judges were impressed by Shopify Flex Comp's revolutionary approach to compensation, which provides employees with unprecedented control and transparency over their pay and benefits. They praised Shopify's commitment to its mission and its efforts to remove historical barriers and empower its employees. The judges recognized Shopify's innovative and creative approach to compensation and awarded them the top prize in this category.
MORE MOST INNOVATIVE PLAN DESIGN AWARD WINNERS
- GLOBALFOUNDRIES INCBetween 5,000 and 75,0000 employeesUnited States
PLAN NAME: 2021 EMPLOYEE STOCK PURCHASE PLAN
PARTNERS:FIDELITY; INFINITE EQUITY
- KINDRED GROUPUnder 5,000 employeesMalta
PLAN NAME: K2 AESP
- DIXONS CARPHONEBetween 25,000 and 100,000 employeesUnited Kingdom
PLAN NAME: COLLEAGUE SHAREHOLDER SCHEME
PARTNERS: AON; EQUINITI; EY; OCORIAN
- UNITED RENTALS INCBetween 5,000 and 25,000 employeesUnited States
PLAN NAME: 2020 FRONTLINE RSU AWARD
PARTNERS: EY; PEARL MEYER; UBS
- EXP WORLD HOLDINGS INCUnder 5,000 employeesUnited States
PLAN NAME: AGENT GROWTH INCENTIVE PROGRAM
PARTNERS: BAKER MCKENZIE; DELOITTE; MORGAN STANLEY AT WORK>
PREVIOUS AWARD WINNERS
Read our GEO Awards winner booklets for insights and inspiration from industry leaders and organizations who are pushing the boundaries of innovation and achievement.