Devsinc shared that distribution will follow a performance and tenure-based formula, similar to international ESOP models.
Devsinc Launches Employee Stock Ownership Plan to Boost Retention and Ownership Culture. Devsinc, a leading IT and ITeS firm, has introduced their Employee Stock Ownership Plan (ESOP), offering company shares to employees across the board.
As evidence of Devsinc’s long-term commitment to value creation and employee empowerment, the initiative is to strengthen employee retention, foster a founder-like mindset, and align individual success with company growth. Under the arrangement, employees will earn their company shares gradually over four years, starting after they complete one full year. They will also have the option to sell back or exchange their shares later. Devsinc shared that distribution will follow a performance and tenure-based formula, similar to international ESOP models.
Usman Asif, CEO Devsinc, stated this to be a remarkable move towards the idea of progressing together; “We want each of us to take the ownership as stakeholders, and commit to progress and prosperity for all.” He said, “Equity is not just a reward; it is a commitment to the bigger picture.”
This move reflects a growing trend in Pakistan’s tech industry, where companies are exploring innovative incentive structures to compete with global job offers and retain top talent. As startups evolve into more mature enterprises, employee ownership is emerging as a key differentiator.
