Remote, a leading HR platform dedicated to managing distributed teams, is taking a significant step in enhancing equity compensation with the launch of Remote Equity. This new product follows Remote’s recent acquisition of equity management firm Easop, reflecting its commitment to simplifying the complexities of international equity plans for companies around the globe.
As businesses increasingly hire talent from diverse locations, they often face challenges when it comes to offering equity compensation. Granting stock options to international employees can be a daunting task, involving a labyrinth of tax regulations and local compliance requirements. Remote Equity addresses this issue head-on by providing a streamlined solution for companies to grant stock options that comply with local laws in various jurisdictions where the service is available. This means businesses can now offer equity to their international team members without the need for expensive legal consultations or complicated paperwork.
In an exciting partnership, Remote has teamed up with Carta, a leader in cap table management. This collaboration allows companies that utilize Carta to draft and issue option grants for both local and international employees seamlessly. Remote will handle the generation of necessary legal documentation, simplifying the process and ensuring compliance across different regions. The integration also allows for automatic syncing of equity data between Carta and Remote Equity, enabling managers to view comprehensive compensation packages—including stock options—directly from Remote’s interface.
Valentin Haarscher, co-founder and CEO of Easop, is now steering the Remote Equity initiative as General Manager. This move positions Remote Equity as a formidable player in the global HR platform arena, particularly as competitors like Deel also explore integrations with Carta to automate equity management.
With Remote Equity, companies can confidently offer equity compensation to their global teams, ensuring that employees feel valued and engaged, no matter where they are located. As the landscape of work continues to evolve, this innovation promises to make equity compensation more accessible and efficient for organizations worldwide.
