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And like every other time people say this, it just breezes by the fact your remote employees can get other remote jobs. The market is not you-the-one-company-in
by imsofuture 10y ago
And like every other time people say this, it just breezes by the fact your remote employees can get other remote jobs. The market is not you-the-one-company-in-the-world-that-hires-remotely vs their-local-market.
- ghaff 10y agoAlthough adjusting pay based on location isn't exactly rare. And I suspect that a lot of companies with remote work are OK with missing out on some talent in Little Rock because they won't pay Silicon Valley rates to someone living there. (And/or they make exceptions for people they really want on a case by case basis.)
- x1798DE 10y agoTrue, but the fact of the matter is that even if you had no idea where your employees lived, the location adjustment would likely come out in a competitive market because people from other low-cost areas can bid down the price, and you'll only drop out of the bidding when it reaches below your cost-of-living adjusted salary. The only reason the expensive markets can compete at all is because a lot of the top talent is concentrated there.