Profit sharing

Overview

Our primary goal over the next few years will be to raise the base salary, as this benefits all employees. However, we also want everyone to be rewarded for our collective success. Redivis will distribute excess profits every six months, as determined (with rationale communicated) by senior management, based on the following formula:

$$ProfitShare ∝ tenure * 0.5 + daysEmployedInYear * salary * 0.5$$

In short, 50% of your share of the profits will be based on how long you've worked at Redivis, and 50% of your share will be based on how long you were employed that year, weighted by salary. The salary weight exists to capture the magnitude of your contribution that year — presumably, a junior developer played less (though significant!) of a role in this year's profits compared to a principal designer.