<aside> ✖️ Compensation = UK Level benchmark * Location factor * Signal factor * (exchange rate if not USD)
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The formula: https://docs.google.com/spreadsheets/d/11_gwaGgbyzdmd9Y2pL3oO3Bt92aE1UvFbvKoXP4b674/edit?gid=166937324#gid=166937324
The formula represents the “Total Cash” component of the compensation. See ‣ for what this means.
The simulator: ‣
TODO: ‣
At a minimum*,* MUI positions its bands at the 75th percentile for all positions in the United Kingdom. We need to remain competitive and ensure we can attract great talent.
The business model of MUI heavily relies on the talent density of its team: we build tools for other developers, and they need/expect tools of higher quality than those they can build internally. For example, for every engineer at MUI, there are >100,000 developers who decide to delegate work to that person.
The UK-level benchmark is encoded under the contractor hiring path, taking into account the fully loaded cost.
We compute the median for the tuple (career ladder, level).
For example, from this part of the formula, we can display the pay bands:
Random values to illustrate the point.
The bottom of the pay band is set as UK Level benchmark x 0.85.
The top of the pay band is set as UK Level benchmark x 1.20.