We discussed and established the first version of our rates table. It was the first iteration and seems to work very well. I haven’t heard of any complaints. But over time the living costs increase (inflation) and I propose to update our rates regularly to pay the same value over time.
We already had one developer in Porto asking for a rate update which we agreed to. I think we just moved them to a different category in the table.
In Australia, we measure the inflation based on the Consumer Price Index (CPI) calculated by the Australian Bureau of Statistics. In the last years it has been between 1.25% and 2.55%. This number will be different for each country. My best idea is to have a rate for each location and apply the local inflation rate on a yearly basis.
When we discussed our rates initially, we acknowledged that they are far below market rates for developers. We can discuss increasing them as well. But that is a different topic and should include paying non-developers and if we should have the same rate for all roles.
For now, what is your idea of keeping our rates table up-to-date?