Classic or phantom options for Ukrainian IT developers? 📊💻

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💼Options are a powerful tool for retaining and motivating the best Ukrainian developers. But how to choose the best option for your IT business? 🧐

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This question will be answered by a partner of the Chernivtsi IT Cluster - Maksym Nosarev, CEO of the legal company Tretten Lawyers

✅Classic options are a contract between a company and its employee, which gives the employee the right to buy back a certain number of shares of the company at a predetermined price, regardless of their market value. It motivates employees to stay with the company and develop it.

✅Phantom options are a contract that gives the employee the right to receive a monetary reward after achieving certain goals and KPIs. They do not provide for the repurchase of the company's shares.

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Choose the approach that fits your strategy and goals, and don't forget to recognize the value of your experts. 🌟

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Read more about options in the article.