Remote Launches Equity Management Tool for Global Teams

Bizbooq

Bizbooq

October 28, 2024 · 2 min read
Remote Launches Equity Management Tool for Global Teams

Remote, a leading HR platform for managing distributed teams, has unveiled Remote Equity, a new product designed to simplify equity compensation for global teams. This move comes just a few months after the company acquired equity management firm Easop.

Remote Equity tackles the complex issue of granting stock option plans to international employees, ensuring compliance with local regulations and tax withholdings. By partnering with Carta, a prominent cap table management platform, Remote Equity enables companies to draft and issue option grants seamlessly, with automatic syncing of equity data between the two platforms.

This integration allows managers to view a comprehensive compensation package for each employee, including stock option plans, from Remote's interface. Valentin Haarscher, co-founder and CEO of Easop, has taken on the role of General Manager for Remote Equity.

The launch of Remote Equity marks a significant milestone in the global HR tech space, addressing a long-standing pain point for startups with distributed teams. As the remote work landscape continues to evolve, this solution is poised to have a major impact on the way companies approach equity compensation worldwide.

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