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Stock plan benefits can be an effective tool to attract and retain employees, but many workers lack the confidence and knowledge to effectively manage that benefit, according to a new study by Morgan Stanley at Work.

Morgan Stanley noted that the shifts in employment resulting from the coronavirus pandemic place a great deal of pressure on companies to attract and retain employees. As workers cite better pay and benefits as a motivating factor in changing jobs, stock plan benefits may be a powerful advantage for companies attempting to compete for employees, the company said.

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