EMPLOYEE BENEFITS

Hot Tip: Options Program

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In the midst of the labor-market crunch, TMP Worldwide Inc. is keeping perk-hungry employees happy with an options program that works something like team bonuses. Every year, the global recruiting company and owner of Monster.com sets aside about 100 options for every rank-and-file employee with at least one year of service. "Team leaders can either divide them up evenly or use them to recognize tiers of performance," says TMP vice-president of human resources Margaretta Cullen. Of course, an options plan really works only if the stock's value shoots up -- and TMP's has, by more than 1,000% since the first grant, in January 1997.

Last updated: Nov 1, 1999




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