It’s easy to read current financial headlines and understand that it’s possible the US and other countries may be headed into or are currently already in an economic recession. Either way it doesn’t hurt to start preparing for a potential downturn. In such a downturn, it’s quite possible that corporate budgets will tighten and companies will be tasked with finding ways to stretch each dollar further than the quarter before.
Equity stock plan administrators tasked with overseeing a company’s equity programs have the ability to add significant organizational value by considering a few tactics that might assist their organization in securing cost savings. Our recent NASPP guest blog post details some of the more significant strategies for approaching a recession and adding value to your organization’s goal of reducing costs, while still maintaining the goal of operating a robust stock program.