Remote, a leading global HR platform for distributed companies, has announced a new collaboration with Carta to address a key challenge in modern employment: equity compensation. The partnership marks the launch of Remote Equity, a solution designed to simplify the granting and management of legally compliant stock option plans for talent worldwide.
Equity compensation has emerged as a crucial tool for attracting and retaining top talent in today’s competitive global job market. However, offering equity grants becomes complicated when employees reside in different countries. Variations in cross-border taxation, securities laws, employment regulations, and reporting requirements can create hurdles that make equity grants both difficult and costly to implement. Traditionally, companies often need to hire legal experts to draft grant documentation, a process that can take weeks and may be financially prohibitive for startups and small businesses.
Remote aims to support companies in finding, hiring, managing, and compensating talent globally, whether they are employees or contractors. The introduction of Remote Equity allows clients to create competitive compensation packages that cater to global talent needs. The new solution will integrate seamlessly with Carta’s cap table management systems through the Carta API platform, streamlining the process for businesses.
Valentin Haarscher, General Manager of Remote Equity, emphasised the importance of equity compensation in a global workforce. “Equity is such an important tool for attracting and retaining top talent, and it’s only becoming more vital as the workforce becomes increasingly global,” he stated. He added that Carta’s industry-leading position in equity management, alongside its commitment to innovation, makes it an ideal partner for this initiative.
Through this integration, Remote customers will be able to generate essential legal documents for issuing equity in various jurisdictions directly from the Carta dashboard. The draft option grants will automatically sync between the two platforms, providing users with a comprehensive view of their global compensation programme from a single interface.
Reed McBride, Vice President of Strategic Partnerships and Ecosystem Development at Carta, expressed excitement about the partnership, stating, “This collaboration will enable Carta customers to seamlessly expand their equity programmes internationally, unlocking tremendous value for businesses and employees alike.”
Remote Equity offers a host of benefits, including:
- Streamlined management of stock ownership plans for employees and contractors worldwide, reducing global legal costs.
- Insights tailored to specific countries regarding stock option types, taxation, and relevant regulations, empowering companies to make informed decisions that save time and money.
- Personalised equity education for employees, including information on local reporting obligations and resources to track equity value from the initial grant to exit scenarios.
- Continuous synchronisation of equity data and documentation between Remote Equity and Carta via the API platform.
- Grant documentation readily available in the Carta dashboard.
- Integrated compensation data, allowing businesses to monitor each employee’s complete compensation package in one location.
- A compensation system that supports diverse employment types, including contractors and advisors, in addition to traditional employees.
To sign up or learn more about Remote Equity, visit remote.com. To sign up or learn more about Carta, visit carta.com.
