I am in Kjipuktuk (Halifax) in Mi’kma’ki, ancestral and unceded territory of the Mi’kmaq People.
I offer respect and gratitude to the people who are past, present and future caretakers of this land.
Where are you? https://native-land.ca/
I want to thank…
4 senior technology professionals working together.
Our primary goal: make a living to support our families.
Beyond that: we had.. ambitions ;)
The big idea: calculate our paycheque based on how much we worked in the previous 3 month period. Use our average weekly schedule over that period to calculate how much we get paid for the current 3 months.
This policy describes why and how we adjust our payroll on a quarterly basis to determine our monthly salaries for the next quarter. Our policies and process for adjusting salary factors must align with our values.
The goals of this policy are to:
- Allow for self-management around work schedules
- Remove any need to get approval for sick days, vacation schedules, etc.
- Provide transparency in how we get paid:
- This makes our salaries auditable
- It allows us to reason effectively about our individual salaries, as well as our overall payroll
- Stabilize salaries by flattening out variations in our schedule over the entire quarter.
At the beginning of each quarter we collect time-tracking data for all staff for the previous quarter. We then calculate payroll for the new quarter based on efforts over the previous quarter.
We incorporate holidays, vacation and sick days, by removing them from the denominator when calculating average hours per week/month.
We use each staff member’s individual base hourly rate to calculate their paycheque amount for the quarter.
Our compensation model is based on promoting financial stability while ensuring maximum flexibility with respect to hours of work.
To that end, salaries are adjusted on a quarterly basis based on hours worked the previous quarter. This means that, if your hours in one quarter significantly exceed those the following quarter, you may see a decrease in salary; conversely, if your hours in one quarter are lower than those the subsequent quarter, you will see an increase in salary.
The particulars of our calculations, and the considerations applied to compensation are set out in the salary calculation procedure available upon request.
By signing this Agreement, you agree and acknowledge that your salary may fluctuate from one quarter to the next and agree and understand that any reduction in salary shall not be construed as a unilateral change to your employment agreement and does not constitute constructive dismissal.
Good news: we’re releasing our spreadsheet, instructions, and other resources as open source software (GPLv3):