We reviewed the numbers from 2021, and we were glad to determine that we could afford yet another generous raise this year.
Is there anything I need to do?
No. Raises apply automatically from January onwards – I’ve updated the rates now, and therefore your new rate should appear on your upcoming invoice in February. It is based on your previous hourly rate plus the raise %, rounded to the nearest integer. If there is something wrong when you review your next invoice, let me know.
Core team members get a 10% raise.
As previously discussed in a compensation-related thread a few months ago, core team members who joined the company since 2016 with a rate lower than the current minimum rate will have their rate increased following this calculation: 2022 rate = 35*(1.1)^n – with ‘n’ being the number of full calendar years completed since you joined. This means we increase your starting rate to €35 and retroactively apply successive yearly raises. Thanks again to @antoviaque for this adjustment!
Another addition this year is that new core team members who haven’t yet completed a full calendar year in the company will now also get a raise, the percentage of which is proportional to the number of months completed as of Jan 1st, 2022.
Kudos and Thank You
I would like to say kudos and a huge thank you to everybody on the team for their outstanding work, and for their constant effort and commitment — we work hard, and we work well. I say: well-deserved!
Please don’t hesitate to reply here with any questions or comments you might have – this is a public thread. Also feel free to reach out to me in case you want to discuss anything in private.
@gabriel Thank you for taking care of calculating and applying the rates, as well as posting about this here! It’s nice to be able to give a large raise again this year. :)
It’s not completely reasonable business-wise, as there are heavy tax risks weighting on OpenCraft currently, and between the 10% and the increased minimum rate, that’s a pretty substantial amount to support. But it has been a difficult year, so I wanted us to still do something significant.