Why project named "Gauzy"
Because we believe in full transparency ("Gauzy" - "Transparent") and for our growing IT company we need to invent some process, which will make profits sharing simple and fair!
Ruslan, 20 May 2019
Who (will) use Gauzy and Why
Gauzy created for IT Service companies (agencies), where the engineering department employee receives monthly bonuses based on company profits generated from employee work for company clients. We believe it's a better way to distribute profits fairly with employees compared to other solutions and it should dramatically increase employees' motivation and decrease turnover!
In most cases, revenue (income) sharing does not target software developers (but target sales people instead) or provide benefits only on some event (e.g. “shares” used only when company sold, employee leaves or after some vesting period). In all such cases, employee got "delayed" benefits, sometimes for years! Instead, we want some solution which works on a monthly basis!
Some solutions such as yearly bonuses are good and simple, but they value usually related very little to employee performance (who is doing such evaluation and how?), which is very hard to evaluate fairly over a year of work period. More so, it's common to pay some fixed bonuses (e.g. a monthly salary value paid once a year). More so, in modern engineering it is possible to gain significant skills growth over shorter periods than one year and having monthly recalculated bonuses will provide employees with faster income increase... That should motivate employees to learn new (or upgrade existed) skills as quickly as possible to be able to get bigger bonuses next month, not year! (e.g. “if I learn new skill/tool/platform/framework now, I will be able to get $X more per hour from our company clients and so my bonus will be bigger next month!”). So, there is going to be a direct correlation between employee skills changes and bonus value paid on montly basis!