Pay brackets & Compensations Calculator¶
In this section, we will go through how we determined the pay brackets and how to use our Compensations Calculator.
Our pay formula is Benchmark TC in the region for the role x Level x Step and every bracket is a range, which means that it contains a “minimum” and a “maximum”.
To determine the brackets of total compensation for each level we used multiple benchmarking sources such as:
- Consultants Surveys: Such as Mercer, HAY Group and Michael Page. This is the major source of compensation data for larger organizations.
- Internet Surveys: Such as Payscale, Built in SF, salary.com,Talent.com and Glassdoor
- Job postings: Where companies disclose the brackets for the positions that are looking for, such as LinkedIn.
- Interviews: Our Talent Acquisition team gathers the actual compensation (in most cases) and the expected during our hiring process for our open vacancies.
We used the LATAM market for benchmarking for most guilds because:
- Most of our team is in LATAM and we plan to keep hiring in that region.
- Other companies tend to benchmark against San Francisco. The volume of available data for SF is very high, but SF pay is quite extreme. Additionally, the RPay workforce is currently mainly in LATAM.
But, for other guilds (e.g. Engineering and Product) we are using different data sets. We plan to review the benchmarks at least once a year.