By 2021-22 feedback, we’ll end this Profit Sharing program on March 31, 2023, and integrate it as part of a more comprehensive compensation and benefits program.
Axelerant rewards its people for contributing to our sustainable success through annual profit-sharing.
Axelerant’s first Profit-Sharing Distribution will be by May 31, 2022, for the semi-annual fiscal period October 1, 2021, to March 31, 2022.
What is Profit-Sharing Based On?
Profit-sharing is based on the money left over after we’ve covered business costs like salaries from the cash we’ve been paid for work we’ve done. Formally, we call this money left over as Adjusted Gross Income (AGI). And, we define Adjusted Gross Income as revenue minus expenses before taxes.
To ensure Axelerant’s operations are sustainable, Executive Services and directors have set a semi-annual AGI goal of 20% before profit-sharing is considered.
By the 25th of the current month, the prior month’s income and expenses are shared via Axelerant Pulse. E.g., April 25th for March, December 25th for November.
Split Profit Savings
The first 40% of all profits are always saved for tax purposes.
When the Adjusted Gross Income goal is met, after-tax profits are split by these distribution aspects.