Continued expansion and a focus on attracting the best talent has led Jersey-based software consultancy XRM to introduce a new profit sharing scheme for its team.
The scheme has been designed to provide long-term value to team members on the basis of their seniority, tenure, and contribution to the business. It delivers many of the benefits of a share ownership scheme but without the expense and complex corporate governance required for a share issue and with all the benefits of the scheme being paid in cash, rather than in the stock of an illiquid private company.
XRM Director Simon Jackson commented:
“New contract wins over past 12 months have led to significant growth and I’m really pleased that we can reward the whole team for the massive contribution they make to the business. With more growth forecast for 2020, we’ve recently brought three more consultants on board. Our business is all about the people and it’s vital that we can continue to attract the best talent. The new Profit Share Scheme is just one of the ways that we’re differentiating ourselves in the competitive market for tech and engineering talent.”
2020 will see XRM launch a number of new services including Microsoft Power Platform consultancy and Azure cloud services.
Simon Jackson adds:
“The tools available to organisations, often as part of the Microsoft products they’ve already invested in, are becoming more and more powerful and we’re launching a number of new services to support this. In the first half of the year we’re focusing on offering ‘quick start’ workshops for Jersey businesses that want to create their own powerful applications, without code, using the Microsoft Power Platform.”
XRM has worked alongside local people management and employment consultancy, the Insight Group, to design and implement the scheme.
Interested in joining the XRM team? View our current vacancies here.
Written By: Zachery Walsh O'Brien
Zachery is a Web Developer with a great eye for front end web development. He has studied Graphic Design, received a Higher National Diploma in Visual Communications, and interned as a Graphic Designer upon leaving college in a digital design agency in Ireland. Zachery originally focused on WordPress web design but has now diversified his skillset towards a web development role being able to leverage many front end languages and frameworks.