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Here's the thing with pay scaled to cost of living, it means things like pension contributions, ability to save, any property you purchase, are also scaled. The
by cmdkeen 9y ago
Here's the thing with pay scaled to cost of living, it means things like pension contributions, ability to save, any property you purchase, are also scaled. There's a reason so many people flock to expensive cities early in their careers.
Very early stage startups might be able to move around Europe for a short period for cheap rents, you're going to be much less able to recruit staff (i.e. non-founders) to move from the West to Slovakia (as mentioned) to work for Slovakian wages.
- aries1980 9y agoStaff should be compensate based on the value of they provide rather than their living standard needs.
- aries1980 9y agoSo, based on having -1 points on my comment, I can summarise your thoughts: employee compensation should be based on the living standard they needs, rather than the value they create. In sarcastic way: to max out your next a payrise, move to the most expensive city and buy a Pagani. That's an odd thought.