Skip to content

Commit

Permalink
Merge pull request #299 from hyphacoop/fix-salary
Browse files Browse the repository at this point in the history 
Update base salary and geoscaling info
  • Loading branch information
@LexaMichaelides
LexaMichaelides authored May 30, 2024
2 parents 25591f1 + 092841f commit bf9308b
Showing 1 changed file with 12 additions and 12 deletions.
24 changes: 12 additions & 12 deletions How-we-work/salary.md
View file
Original file line number Diff line number Diff line change
Expand Up @@ -7,21 +7,21 @@ This document outlines the salary tiers of Hypha members and the review process.
The base salary for each member is determined according to:

```
Base Salary = 50,000 CAD * L^l * R^r * S^s * Modifiers + Adjustment
Base Salary = 51,250 CAD * L^l * R^r * S^s * Modifiers + Adjustment
```

with the following criteria:

| Criteria | Scaling factor | Description |
|:-------------------|----------------:|:-------------------------------------------------------------------------------------------------|
| **L**evel | `L=1.160` | Skills and experiences `l=[0-6]` |
| **R**esponsibility | `R=1.120` | Responsibilities `r=[0-4]` |
| **S**eniority | `S=1.025` | Seniority in organization `s=[0-3]` |
| Commitment | `0.250`-`1.200` | Modifier applied to members working part-time or over-time each week |
| Contractor | `1.050` | Modifier applied to contractors who do not receive employee benefits |
| Geo-upscaling | `1.150` | Modifier applied to members living in higher cost of living regions compared to Canadian average |
| Geo-downscaling | `0.850` | Modifier applied to members living in lower cost of living regions compared to Canadian average |
| Adjustment | | Custom dollar amount adjustment applied on a case-by-case basis |
| Criteria | Scaling factor | Description |
|:-------------------|----------------:|:----------------------------------------------------------------------------------------|
| **L**evel | `L=1.160` | Skills and experiences `l=[0-6]` |
| **R**esponsibility | `R=1.120` | Responsibilities `r=[0-4]` |
| **S**eniority | `S=1.025` | Seniority in organization `s=[0-3]` |
| Commitment | `0.250`-`1.200` | Modifier applied to members working part-time or over-time each week |
| Contractor | `1.050` | Modifier applied to contractors who do not receive employee benefits |
| Geo-upscaling | `1.150` | Modifier applied to members living in higher cost of living regions compared to Toronto |
| Geo-downscaling | `0.850` | Modifier applied to members living in lower cost of living regions compared to Toronto |
| Adjustment | | Custom dollar amount adjustment applied on a case-by-case basis |

At salary review time, each member will perform a self-assessment to suggest their *L* and *R* to an review group made up of other members who are most suited to contribute to their evaluation. Together they will determine the appropriate values for the upcoming cycle. *S* and the *Modifiers* are based largely on objective factors, and a custom dollar amount *Adjustment* may be applied to retain members with high market demand skills, or in other special circumstances.

Expand Down Expand Up @@ -76,7 +76,7 @@ The table below lists *base salaries* at `S=0` in CAD for four-day work weeks. T
| L0 | 51,250 | 57,400 | 64,288 | 72,003 | 80,643 |
| L1 | 59,450 | 66,584 | 74,574 | 83,523 | 93,546 |
| L2 | 68,962 | 77,237 | 86,506 | 96,887 | 108,513 |
| L3 | 79,996 | 89,595 | 100,347 | 112,389 | 125,875 |
| L3 | 79,996 | 89,595 | 100,347 | 112,389 | 125,875 |
| L4 | 92,795 | 103,931 | 116,402 | 130,371 | 146,015 |
| L5 | 107,643 | 120,560 | 135,027 | 151,230 | 169,378 |
| L6 | 124,865 | 139,849 | 156,631 | 175,427 | 196,478 |
Expand Down

0 comments on commit bf9308b

Please sign in to comment.