Marie Dealessandri
Features Editor
Wednesday 12th January 2022
Riot Games
Riot Games CEO Nicolo Laurent has published a lengthy blog post reflecting on the company's future and announcing a new approach to compensating employees, an expansion of its Queue Dodge system, and more.
Riot's new compensation model will focus more on long-term achievements rather than short-term goals, awarding a bonus annually when these long-term milestones are reached. The company is also opening up its shares to employees.
"In December we altered our long term incentive model so that long-term vesting compensation pays out partially each year with a lump sum at the end of the last year," Laurent said. "We have also decided to shift our compensation models to focus more on long-term enterprise value, rather than shorter-term goals like profitability.
"Last but not least, our shareholder (Tencent) agrees with our long term strategy and is giving back partial ownership of the company to Riot employees. Going forward Rioters will have the opportunity to own a portion of the company, along with Tencent, and thus directly participate in the risks and rewards of ownership."
Laurent also announced a change in its Queue Dodge system. The program, which gives employees who have left part of their salary for a while as they transition to another job, was previously limited to staff who had been at the company for less than six months. It's now open to all employees regardless of seniority for "a limited window," Laurent said, without specifying for how long.
"This new Queue Dodge will give Rioters who want to exit an opportunity to do so comfortably, no questions asked. Rioters who choose to Queue Dodge will receive 25% of their base salary with three months
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