What is the primary purpose of offering Share Option Plans to lower-level employees

The primary purpose of offering Share Option Plans to lower-level employees is to incentivize and retain them. Here are the steps explaining this:

1. Employee Motivation: Share Option Plans give employees a sense of ownership in the company. This can motivate them to work harder and be more committed to the company because they directly benefit from its success.

2. Retention: Offering stock options can help to retain valuable employees. The options often vest over a certain period of time, which can encourage employees to stay with the company longer.

3. Attract Talent: In competitive job markets, offering stock options can attract top talent. It's an additional benefit that can set a company apart from others.

4. Alignment of Interests: When employees own shares in the company, their interests are more closely aligned with those of the company and its shareholders. This can lead to better overall performance for the company.

5. Financial Benefit: For the employees, there is a potential for financial gain if the company performs well and the value of their shares increases.