Shopify to launch ‘Flex Comp' software, giving employees choice in mix of cash and equity paid [Globe and Mail, The (Toronto, Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Globe and Mail, The
Shopify Inc. is launching a compensation scheme to give employees more choice in the mix of cash and equity they are paid, as the Ottawa-based e-commerce company continues to address challenges posed by its fallen stock. The launch includes new proprietary software for its employees, called “Flex Comp,” built by developers and other staffers at Shopify. The new system means Shopify won't rely on external payroll and stock-vesting tools as do many big companies. Shopify said clarity around pay is an industrywide problem, and that there have been many instances globally of disparities in work force salaries stemming from compensation systems that do not work for a diverse set of employees in different jobs on different levels or geographies. This leads to “the few making choices for the many,” the company said in a statement. Employees will receive a single total compensation number and have the choice to determine how they allocate their pay between cash and stock. They can then
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News
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Shopify Stock: Don't Buy The Dip Just Yet [Seeking Alpha]Seeking Alpha
- 21 Small Business Ideas for Kids [Yahoo! Finance]Yahoo! Finance
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $85.00 price target on the stock, up previously from $74.00.MarketBeat
- How will the changes to capital gains in Canada affect tech sector? [MoneySense]MoneySense
SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website