Creating a comprehensive
approach to Stock Certificate Administration is imperative if you want to derive
the full benefits of delivering stock to employees. Some of the things you may
want to consider are:
An integrated solution - there should
be perfect synchronization between the departments to compile and process data
from all relevant departments like Pay roll, HR, and Legal. The stock
administration activities should manage to establish integrity between the
application of these departments ensuring an integrated result with 100% error
free and redundancy free data accumulation.
It should complement the philosophy of total
compensation- The compensation policy should be consistent with the overall
business strategy. The reason is simple. If the total compensation strategy is
not satisfactory, it will have an impact on retention and the hiring of new
employees.
Provider of flexibility- As the stock
administration goal varies from one stock holder to other, the company should be
able to make a common platform of understanding and implementation of policies
that will be complementary to different requirement and flexible needs of the
stock holders. Defining stock plan, application of business rules, tracking of
balance are included in this stream of activity.
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