Levels and Monthly Salary at RED

Levels and Monthly Salary at RED

How does it work?

  • Every Level has a Fixed and a maximum Variable Salary Component.
  • The least payout for anyone is ₹44,000 (40,000 fixed and 10% variable).
  • The Variable Component is defined by the financial performance of RED.
    • If RED makes enough profits, everyone receives 100% of their Variable component.
    • No profits, no Variable payout.
    • Higher levels have a higher Variable component because higher-ups. Higher you go, the more you are responsible for the financial performance of RED.
  • The percentage jumps between salary levels are higher at lower levels (50%, 48%, etc.), and decrease as you level up.
  • Eligibility for the next Level depends on two factors:
    • Successful achievement of personal responsibilities.
    • Consecutive Quarters of achieving those milestones Initial level-ups are faster, later ones slower. An L1 person becomes eligible for L2 in two quarters, whereas an L5 to L6 transition is eligible after 4 consecutive quarters of successful meeting of targets.

Responsibilities

  • RED is a team of generalists, and so we had to design unambiguous performance metrics. You pick two or more metrics like these:
    • Manage projects of ticket sizes proportional to your salary. Higher your level, bigger the projects you manage.
    • Make more Friends of RED. Bigger our network, more we learn and greater our impact.
    • Submit more viable business plans every quarter. Adrenaline rush to evaluate new lines of work to keep us relevant, reduce risks and grow exponentially.
    • Spin off new businesses / divisions out of RED. Find someone to head the new team and spin it off, while we focus on staying lean and the next experiment.
    • Contribute to Business Development.
    • Improve Digital Presence and Social Technologies and more.

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