Company Research Report: J.P. Morgan Workplace Solutions
Company Overview
Name:
J.P. Morgan Workplace Solutions
Mission of the Company:
We aim to be the most respected financial services firm in the world serving corporations and individuals.
Founding and Key People:
- Founded by: No information is available
- Key People: Christopher Dohrmann, Executive Director of Strategic Partnerships
Headquarters:
The company maintains offices in various key regions:
- USA – Jersey City: 575 Washington Blvd, Floor 12, NJ 07310-1616
- USA – Nashville: 501 Union Street, 300B TN 37219
- Canada – Calgary: The Edison Building, 150 9th Avenue SW, 10th Floor, T2P 3H9
Number of Employees:
No information is available
Revenue:
No information is available
What the Company is Known For:
J.P. Morgan Workplace Solutions, formerly known as Global Shares, specializes in equity compensation administration. The company offers holistic financial solutions designed to empower employees and enhance reward strategies.
Products
Equity Compensation:
Provides full-service administration of global employee stock programs and easy access for participants to transact their awards. It offers dedicated support for employees and organizations.
Cap Table Management:
A digital platform that acts as a single source of truth for investors and employees. It simplifies employee equity management and access to 409a valuations.
Executive Services:
Tailored support to help executives navigate their changing financial needs and goals.
Financial Education:
Inspires participant education with customized communications designed to engage employees and promote financial wellness.
Additional Services:
- Stock Plan Administration
- BI Reporting
- Financial Reporting
- API Integration
- Security
- Equity Intelligence
- Communications
- Participant Experience
Products Overview:
Employee Stock Options:
Allows employees to purchase shares at a pre-set price in the future, providing potential financial rewards and tax benefits for employees, while aligning their interests with those of the company.
Restricted Stock Units (RSUs):
Full-value awards usually granted for free, vesting over a set period, with fewer risks compared to stock options.
Employee Stock Purchase Plans (ESPPs):
Allows employees to purchase company shares at a discount through payroll deductions, enhancing employee ownership and savings.
Long-Term Incentive Plans (LTIPs):
Deferred compensation programs offering incentives beyond basic salary for meeting specific long-term goals, with a variety of types including appreciation-based, time-based, performance-based, and cash-based awards.
Recent Developments
New Products Launched:
- Executive Services: Dedicated support packages for executive financial needs.
- Financial Education: Customized educational communications for employees.
New Features Added:
- ESPP Lookback: Allows purchasing shares at lower prices based on either the enrollment date or purchase date.
- Automated Platform Enhancements: Improved BI reporting and API integrations for seamless HRIS and tax system integrations.
New Partnerships:
- Partnership Announcement: Christopher Dohrmann was appointed to the Board of Directors of the Global Equity Organization (GEO).
- Corporate Achievements: Recognition at the 2024 GEO Awards and ProShare’s Annual Awards.
Other Developments:
- Rebranding: Global Shares was rebranded to J.P. Morgan Workplace Solutions in 2022.
- Expansion: Launched new offices in Nashville, TN, and Calgary, Canada.
Summary
J.P. Morgan Workplace Solutions, powered by Global Shares, is a prominent equity compensation service provider known for its innovative and comprehensive solutions tailored to empower employees and streamline equity management. With a focus on fostering long-term financial wellness, the company provides a suite of products catering to various aspects of equity compensation, from stock options to long-term incentive plans. Continuous enhancements and strategic partnerships underpin its commitment to excellence in serving clients globally.
