Hi Larks, Thanks for your comment. While our current formula does not take into consideration the type or field of work, it does differentiate between different levels of skill that are needed. So, for example, if we did want to hire someone to do data entry, we might classify that a level 1 position (or maybe we’d need to re-number all of our levels so that that position could be below research associates).
Regarding scarcity, it’s true that our current formula does not take that into consideration. If we find in the future that we have difficulty hiring for a certain position, we may need to seek additional funding in order to raise the base wages for every position or else make adjustments to the structure of our formula.
Hi Larks, Thanks for your comment. While our current formula does not take into consideration the type or field of work, it does differentiate between different levels of skill that are needed. So, for example, if we did want to hire someone to do data entry, we might classify that a level 1 position (or maybe we’d need to re-number all of our levels so that that position could be below research associates).
Regarding scarcity, it’s true that our current formula does not take that into consideration. If we find in the future that we have difficulty hiring for a certain position, we may need to seek additional funding in order to raise the base wages for every position or else make adjustments to the structure of our formula.