Profit Sharing
Profit Sharing
Profit sharing at Ideas on Board is how we share the company’s success with the team.
Each year, we allocate a bonus based on company performance. When things go well, everyone shares in that.
How it works
- A team bonus is allocated each year - typically up to 10% of salaries depending upon the company performance
- Bonuses are paid once a year, after we've closed the financial year and reviewed the numbers
Alongside team bonuses, we also retain some profit to reinvest in the business - for things like hiring, infrastructure, or marketing. This is reviewed and agreed each year.
So long as the company is profitable, the amount you receive through profit sharing is not affected by this retention. Team bonuses are allocated first.
After team bonuses and reinvestment decisions are made, any remaining profit is shared among partners.
Who’s eligible
You’re eligible for profit sharing if:
- You’re an employee or contractor
- You’ve been actively contributing to company work during the year
- You’re meeting expectations in your role
- You’ve worked with us for part of the year (your share is prorated)
- You’re still under contract when profit sharing is paid
When it happens
Profit sharing is reviewed at the end of the financial year, and paid out once the final accounts are confirmed.
What it’s based on
- Your time in role during the year
- This is a team bonus, not linked to individual contributions
- Recognition for individual growth happens separately, through base rate reviews