Hatzidakis: Yes to performance bonuses and stock options for private sector employees

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“We knew Viva Wallet as an innovative company in the field of digital economy and” plastic “money, in which a large investment was recently made in our country (ss: with the acquisition of 49% by the American investment bank JP Morgan). We may not know it as well as a company that applies good work practices, such as performance bonuses and stock options to employees. Practices that are encouraged by the government and seek to expand them throughout the labor market “, noted the Minister of Labor and Social Affairs Kostis Hatzidakis, during his visit today to the offices of Viva Wallet in Maroussi, where he was accompanied by the OAED Commander S Lead singer.

Mr. Hatzidakis toured the company building, talked to Viva Wallet employees – mostly young people, studying in Greece and abroad, and met with Mr. Protopsaltis, the CEO and co-founder of the company Haris Karonis, the Chief Investment Officer and other co-founder Makis Antipas and the Management Consultant Vassilis Trapezanoglou.

According to a statement from the Ministry of Labor and Social Affairs, “the management of Viva Wallet presented to Messrs. Hatzidaki and Protopsaltis its development plan, under which its staff will increase from 640 people to 1,800 at the end of 2023, as the company is rapidly expanding its activities in many European countries. He also analyzed the working model of Viva Wallet, the basic parameters of the stock options program, which is a long-term “tool” of motivation combined with a performance bonus, on the basis of a specific goal “.

Mr. Protopsaltis, for his part, presented to the management team of the company the Medium and Large Business Unit of OAED and the possibilities it has for finding specialized staff and especially young people with digital skills, “who will have been trained and certified in the of programs successfully implemented by the Organization with digital giants such as Google, Amazon, Cisco and Microsoft “.

As Mr. Hatzidakis stated, “Viva Wallet, which I visited today, is an example of a business in which both employees and employers can benefit at the same time. Employees receive not only high salaries compared to the average, but also a performance bonus, if they achieve their goals. In addition, 1/3 of the employees participate in a stock options program, through which they become the shareholders of the company and are even more connected with its perspective and future. Such practices are applied in several more Greek companies. We want to promote this kind of entrepreneurship, this model of coexistence of employers and employees, as the Ministry of Labor and Social Affairs, but also as a government, for the benefit of the employees, the employers, the Greek economy as a whole “.

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