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 U.S. +1.407.788.2780     Europe +49.89.6.214.6044 info@aimgroup.com

Mercari Inc., the operator of flea market app Mercari, has introduced an attractive compensation system, known as restricted stock units (RSUs), to entice employees to stay on longer.

With the new incentive system, Mercari employees will be granted shares in the company, through a vesting plan, linked to their tenure. The stocks will be turned into income/dividends upon vesting.

The compensation system was introduced in Japan where employee retention is a big challenge for employers amid labor shortages.

Founded in 2013, Tokyo-based Mercari has more than 1,000 employees in Japan and more than 200 workers on its payroll in the U.S.  It entered the U.S. market in 2014.

The company decided to wind up its U.K operations from March. It offers absolutely free services in the European market unlike in Japan and the U.S. Its London office is home to 50 employees, according to its LinkedIn profile. Mercari expects to conclude its U.K. shutdown by June 2020.

The peer-to-peer marketplace made an outstanding debut on the Tokyo Stock Exchange with a $1.2 billion U.S. initial public offering in June last year. It has been downloaded around 70 million times in Japan where its main competitors are Jmty.jpYahoo Auctions, and Rakuma.