Management, especially executive management, has no idea how to do this nor do they have the ambition to, same for HR. Years ago you didn't have diverse workforces and you had stability, both as defaults. Now the workforce is diverse as hell and there is zero stability.
My current employer is touting the ESOP as a great benefit. It takes a year to get in, and five more before you vest. The grim reality is that most of the gen-z that get hired in are going to get laid off or move on before they vest. ESOP is a gimmick to make you think your employment is going to be stable. It's a lie.