Phantom Equity: It refers to plans such as phantom stock or stock appreciation rights (SARs) that provide employees with a payout, usually in cash, based on the increase in the company’s stock value. Related posts: Personnel Management Operative Functions Administrative Role of PM Competency HR Management Role Change Personnel Policies Personnel Procedures Appealed Policies Implied Policies Specific Policies Personnel records Research Pure research Personnel research Attitude or Opinion Survey Turnover Secondary research Applied research Personnel audit Read more articles Previous PostESOP Next PostRestricted Stock