# Salary

## Overview

We believe that salaries should be equitable, transparent, and fair. We want to compensate ourselves as well as the company can afford. We want everyone to share in the company's successes. We recognize that any salary system has tradeoffs, and we bias ours towards equity and simplicity.

## Salary system

There are 11 salary tiers at Redivis, and every job title is tied to a specific tier. There is a 15% gradation between each tier (1 tier bump = 15% raise). Salary information is public to everyone at Redivis.

Salaries are automatically adjusted twice a year to match inflation, based on the Consumer Price Index (CPI) published by the U.S. Bureau of Labor Statistics.

In addition, we have implemented [semi-annual profit sharing](https://handbook.redivis.com/compensation/profit-sharing) so that we all can continue to share in Redivis's success.

| Tier | Current base salary |
| ---- | ------------------- |
| 1    | $80,229             |
| 2    | $92,263             |
| 3    | $106,102            |
| 4    | $122,018            |
| 5    | $140,320            |
| 6    | $161,368            |
| 7    | $185,574            |
| 8    | $213,410            |
| 9    | $245,421            |
| 10   | $282,234            |
| 11   | $324,570            |


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