Andrew Morrow

speaker

130 appearances 1 recordings 1 series first heard Jul 2026 last heard 22 Jul

Andrew Morrow’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Shared Lunch · "Wealth doesn't come from wages” · 22 Jul 2026 podcast

So three years and four years and five years, you know, so it becomes that annual incentive.

So it was very effective in that way.

And it was also so we'd have the results, the valuation would be at the end of the calendar year.

payment around March and people would really look forward to that and it was a it was a moment in the it became sort of the parts trader calendar you know like what's the payment going to be how did we go and so we got everybody aligned in the success and

And it placed an obligation on management to communicate really well to all staff.

So culturally, it was very effective about just doing all those right things, reinforcing the behaviour.

If we as managers were behind on communication, we were asked.

And so we just front up.

As a result, terrific retention.

You know, we've got some of the best in tech.

And then at the end, there's been a...

I guess what's called a cliff-vesting of all the three tranches that were running.

So on the actual payment settlement, which was 1st of April this year, that was all paid out in one go.

So it was a nice, decent bonus for people.

Well, it's great because otherwise it's uncomfortable because some people have benefited and some people haven't.

And not everybody's got the ability to put money away.

So one of the discussions around this is how do you structure it?

Should they contribute themselves is challenging because then you've got the ones whose personal situations permit them to contribute and others who are already maxed out and can't or supporting others in their family or things like that.

So if you can get something that is broad-based, at least for some level of participation,

And you see at other levels, you know, executives do get often share options or other remuneration.

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