Compensation Reviews + Eligibility
This page outlines how base rates are reviewed each year and who is eligible for profit sharing at Ideas on Board.
We want to keep things clear, consistent, and fair - while staying light on process.
đ Base rate review
Base rates are reviewed once a year in June.
We use a three-stage structure within each level:
- Learning
- Progressing
- Mastery
Movement through these bands is based on your level, your growth over time, and the scope of your contribution. Not everyone will move every year - but the structure allows us to recognise growth where itâs happening.
Youâre eligible for a base rate review if:
- Youâve been with the company for 6+ months
- You have not received a base rate change in the last 12 months
- Youâre not already at the top of your current rate band
How it works:
- We check where you're mapped in the levelling framework
- We look at your growth - is the scope of your work evolving? Are you taking on more ownership or operating more independently?
- We apply the structure:
- Movement within your band (Learning â Progressing â Mastery)
- Or movement to a new level, if applicable
- Final decisions are made on any rate changes looking across the entire team to ensure consistency and fairness
- New rates (if applicable) take effect from [July 1st]
đ Profit sharing
Profit sharing is reviewed annually at the end of the financial year, and itâs designed to reflect the success of the business and the contribution of the team.
We aim to keep it simple. Profit sharing is separate from individual recognition - thatâs what base rates are for.
Youâre eligible for profit sharing if:
- Youâre an employee or contractor
- Youâve actively contributed to company work during the financial year
- Youâre meeting the expectations of your level
- Youâre aligned with the team and our ways of working
- Youâve been with the company during the financial year (profit shares are prorated based on time in role)
- Youâre still actively engaged with the company at the time of distribution