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  • I use a market-based approach to compensation. In non-USA markets, I approach it from the perspective of housing costs. Select a level of the housing market where people in that job description tend to live and find the annual costs of housing. Divide that number by .3 and compensation should be close or above the result to be fair or generous. Check also with local labor laws. I believe that the Society for Human Resource Management and IRIS FMP have resources.

  • Mr.

    Member
    August 8, 2022 at 5:00 pm in reply to: Private: Livable wages

    We use a capital structure model with 3 sources. Contracts, Fee for service, and gifts. The triple-legged structure allows us to finance problems in any one of the areas.

    A quick method might be embedding into a contract. Most contracts offer far less than clients want. Add a Saturday fee for service coding camp to an after-school government contract. It’s not mandatory and yields unrestricted cash.

    My parents had meals on wheels which is too healthy. They would have paid $5 for a cookie embed 🙂

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