3 September 2019
Giving Employees Equity Stakes in the Business
Cleaning company Nimbus has established an employee share appreciation scheme for all outstanding workers in the company, including "in-field cleaning crew, supervisors and operations managers. According to NTUC, Nimbus' move is a first in Singapore. Nimbus, which started operations in January last year, has about 100 cleaners and the company will likely distribute the shares to the top 10 per cent of performers for a start, giving each of them shares worth about half their annual salaries. Daniel Thong, founder of Nimbus tells us more.

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