Earlier quoted context omitted.
That's an interesting challenge. We've posted revenue numbers on our blog, but not salary information. That said, the first job ad we put out will have pretty clear salary information, so, ok, I'll answer. Here's the payscale in short, then. There are 2 main roles within the company: client management and sales. Salespeople get £20k p.a., plus a 15% commission on sales, plus a share of the bonus pool. The base salary…
Kudos for being so open. (Although to relate the point back to the Original thread about Government openness, Governments (and lots of Big Corps) also tend to be quite transparent about Salary bands, Bonus, etc.) Now to derail the discussion: How do you reward excellence? There will surely come a time where an employee has been working considerably harder than his colleagues asks for a pay-increase. How do you envisi…
First, it's worth noting that this is a work in progress. We have quarterly meetings where the whole company decides on what changes they want to see made to the compensation scheme, so this stuff might very well change over time.
Secondly, they are rewarded for their hard work already - but as a team, rather than individually - via the bonus scheme. Whatever's left of their 50% of revenue is in the bonus pool, so if they generate an extra £100k of revenue, that will translate into an extra £50k of bonus pool.
Are there individual incentives? Not at the moment. They may well come in in the future, of course.
> Also, your company seems very unique to only have two roles, which perhaps explains why you can reveal this information freely. Full transparency would include how much you get paid, how much the office admin gets paid, the lawyers, accountants, coders, etc.
My cofounder and I get paid the amount of wage and dividends that allows us to pay no income tax. It's pretty standard (and not all that high) in the UK. There's just one director and one office manager, so I'm hesitant to post their current salaries as that is private and specific information, at least outside the company, I think...