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About Gauzy
Initially, the goal of the Gauzy Platform was simple: fair sharing of profits with employees & customers for our IT agency.
Because we believe in full transparency ("Gauzy" - "Transparent") and for our growing IT company we need to invent some process, which will make profit-sharing simple and fair!
Ruslan, 20 May 2019
However, over time we understood that in order to be able to share profits fairly we have to calculate a LOT of metrics for our business: employees/contractors' work time, efficiency, income generated by work of each employee, expenses related to business and each employee and so on. So we extended Gauzy to become a full Business Management Platform (ERP/CRM/HRM and more).
Gauzy supports Transparency:
- sharing important company (or freelance) business metrics with customers, employees and contractors
- sharing employees' compensation and bonus amounts ("open salaries", yeah!)
- sharing equipment easy between employees (e.g. company cars or guest house)
- sharing time-tracking information with customers
- sharing information easily between employees (e.g. who working on what, announcements, and so on)
Gauzy supports Fairness:
- fair employees compensations (bonuses/profits sharing)
- fair client billing (strictly based on employees/freelancers' time tracking information and public price lists)
Why do we believe Transparency and Fairness are important?
- "... It's More Important To Be Nice!" (to customers, partners, employees, contractors ...)
- Establishes Trust and Expands Relationships
- Increases Productivity, Engagement and Commitment
- Increases Motivation and Loyalty, Decrease Turnover
So:
- Open-Source Software solving fair sharing of technology.
- Stock Options solving fair sharing of profits in the future.
- Gauzy Platform solving fair and transparent sharing of business and profits today.
Gauzy supports the following schemas for Employees (company worker, contractor, or freelancer) Bonus calculations:
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Profit-based, when employees get bonuses based on company profits from work done by a given employee or team.
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Revenue-based, when employees get bonuses based on company revenue (gross income) from work done by a given employee or team.
Gauzy is for believers in transparency and fairness!
It's for those who prefer to work more and get paid more! Those who work smart, not necessarily hard.
Gauzy was initially 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!
Alternatives analysis:
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In most cases, revenue (income) sharing does not target software developers (but targets salespeople instead) or provide benefits only on some event (e.g. “shares” used only when the company sold, the employee leaves, or after some vesting period). In all such cases, an employee got "delayed" benefits, sometimes for years! Instead, we want some solution that works on a monthly basis!
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Some solutions such as yearly bonuses are good and simple, but their value is 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 existing) skills as quickly as possible to be able to get bigger bonuses next month, not a year! (e.g. “If I learn a 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 a monthly basis!
We believe Gauzy Platform will make our own agency more transparent & fair to our own employees (and customers too). For a while, we considered Gauzy as our internal experiment, but last time we saw more and more companies join it!
So, running a Modern Business / IT Agency?
Join the "Gauzy" revolution now!
- it's most probably not for a business that prefers to hide rates from its own employees (rates which customers pay for employees' work)
- it's not for an agency which doesn’t care about employees’ morale
- it's not for an agency that cares only about profits for an agency owner(s)
- it will probably not work well for employees who do not prefer to work more and get paid more!