GoTyme plans to make nearly all employees shareholders
GoTyme Bank said it plans to expand its employee share ownership program to cover nearly all eligible workers, making it the first bank in the Philippines to broadly extend company ownership across its workforce.
In a statement on Tuesday, May 26, GoTyme Bank and GoTyme Group said the expanded program is expected to cover more than 90 percent of GoTyme Bank employees who are in good standing, giving them direct ownership in the company’s growth through future share grants.
The digital bank said the initiative aims to strengthen accountability, improve execution, and support long-term value creation as it continues expanding operations in the Philippines.
Broad-based employee share ownership programs remain uncommon in the Philippine corporate setting, where stock incentive schemes are typically reserved for senior executives and top management.
GoTyme Bank said extending ownership to more junior employees, particularly those directly interacting with customers, could help improve customer satisfaction and strengthen trust in the brand.
The company added that the program reinforces the expectation that employees should act not only as operators, but also as owners accountable for the bank and its customers.
“Ownership changes how people operate. When our team members think like owners, they move faster, go the extra mile for customers, and are more protective of the GoTyme brand,” said GoTyme Bank Philippines chief executive officer (CEO) Nate Clarke.
“In the Philippine market, broad-based shares is a significant differentiator for talent attraction. But more than talent attraction, this is about creating a sense of ownership that translates to a team that is 100-percent locked in on creating the best experience for our customers,” he added.
Clarke said the bank expects the move to help accelerate its goal of becoming “the largest and most loved bank in the Philippines.”
“When we achieve that goal, our people will rightfully share in that financial upside,” he said.
The expansion of the share ownership program remains subject to applicable regulatory approvals and implementation requirements.