Alibaba overhauls employee incentives, combining equity with cash, from April 1, to attract and retain talent.
Alibaba is overhauling employee incentives, combining equity with cash, from April 1, to attract and retain talent amidst fierce competition. The new plan aims to improve compensation certainty and liquidity, with staff receiving long-term cash and stock options vesting quarterly. This move follows similar changes by other Chinese tech firms to boost employee retention in a competitive landscape.
March 11, 2024
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