What is ShareWillow?
ShareWillow streamlines the design and administration of employee incentive and profit sharing programs for businesses seeking to motivate their teams and drive engagement. The platform provides intuitive tools to set up reward structures, define KPIs, automate complex calculations, and offer transparency for both administrators and employees.
With built-in templates, real-time dashboards, document storage, and seamless integrations with payroll and accounting systems, ShareWillow enables companies to implement flexible, data-driven incentive plans. The solution is designed for organizations of all sizes, focusing on simplicity, motivation, and a transparent approach to employee rewards.
Features
- Plan Builder: Create custom incentive and profit sharing plans with flexible rules
- Templates: Start with best practice templates for rapid plan setup
- Milestones & Thresholds: Set goal-based payout triggers and company-wide thresholds
- Admin & Employee Dashboard: Real-time visibility into progress, payouts, and performance metrics
- Document Storage: Centralized area for incentive plan documents
- Quickbooks & Payroll Integrations: Seamless syncing with financial and payroll systems
- Workspaces: Manage multiple companies or business units with unique plans
- Transparency: Employees track earnings and plan performance in real time
Use Cases
- Designing custom profit sharing schemes for employees
- Automating calculation and distribution of incentive payouts
- Increasing employee motivation with transparent performance tracking
- Managing multiple business units’ incentive plans from a single dashboard
- Providing clear documentation and guidelines for bonus programs
- Setting precise KPIs and monitoring real-time progress toward goals
FAQs
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How do I create my first profit sharing plan?
You can start from a best practice template, which guides you on common approaches to profit sharing plans. These templates can be edited and customized for your business. -
Do I have to include owners in the profit sharing plan?
No, you can choose to include only employees in your plan and allocate a percentage of your adjusted profits for employee distribution. -
Can I skip a profit share bonus payout?
Yes, you can set rules for when a payout is skipped, such as if company goals are not met, or manually skip a distribution if needed. -
Can I add multiple companies with different profit sharing plans?
Yes, you can create a workspace for each company, and design unique and custom profit sharing plans for each.
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