Pay formula

To help us achieve pay equity, we have adopted the following formulas that apply to all of our team members:

FarmBot Pay Formulas:

Hourly Rate = Role Base Rate x Seniority Multiplier x Experience Multiplier + Location Adjustment

Annual Salary = Hourly Rate x 2,000

The Role Base Rate is determined by the table below:

Role Base Rate
C-Level Executive $40/hour
Lead Software Developer $37/hour
Lead Hardware Engineer $37/hour
Software Developer $33/hour
Hardware Engineer $33/hour
Designer $30/hour
Warehouse Worker $24/hour

The Seniority Multiplier is 1.0 (no effect) for team members consistently with us for under 1 year, 1.1 for those with us for over 1 year, 1.2 for over two years, and 1.3 for over three years.

The Experience Multiplier is subjective and can range from 1 to 1.3.

The Location Adjustment is used to account for the cost of living in the team member’s area. It is calculated using the Cost of Living Plus Rent Index provided by the Numbeo database. It is +$0 for index values 0-32, +$1 for 33-65, +$2 for 66-98, and +$3 for 99-130.

Examples

For a C-Level Executive who has worked with us for over three years, has a medium level of experience, and lives in San Luis Obispo, the pay formulas work out as follows:

C-Level Executive:

Hourly Rate = $40/hour (base) x 1.3 (seniority) x 1.15 (experience) + $2 (location) = $61.80/hour

Annual Salary = $61.80/hour x 2,000 = $123,600

For a software developer who has worked with us for 1.5 years, has a medium level of experience, and lives in Portland, the pay formulas work out as follows:

Software Developer:

Hourly Rate = $33/hour (base) x 1.1 (seniority) x 1.15 (experience) + $2 (location) = $43.75/hour

Annual Salary = $43.75/hour x 2,000 = $87,500

For a warehouse worker who is just starting, has a medium-low level of experience, and lives in San Luis Obispo, the pay formulas work out as follows:

Warehouse Worker:

Hourly Rate = $24/hour (base) x 1.0 (seniority) x 1.1 (experience) + $2 (location) = $28.40/hour

Annual Salary = $28.40/hour x 2,000 = $56,800

Benefits

FarmBot Inc offers generous benefits to all salaried employees.

Benefit Provider and Plan Company Contribution
Medical United Healthcare Select Plus Gold 250 plan 90% for employees and dependents
Dental Principal Dental 1500 UCR 90 with Orthodontia 90% for employees and dependents
Vision Principal Vision 10/25/150 90% for employees and dependents
Life Guardian $50,000 Basic Life 90% for employees