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I'd be really interested in how they plan to implement this. I'd certainly hope it would be more sophisticated than a linear adjustment of salary based on diffe
by bitbuilder 6y ago
I'd be really interested in how they plan to implement this. I'd certainly hope it would be more sophisticated than a linear adjustment of salary based on differences in the cost of living.
I live and work out of St. Louis at the moment, and I've spent a bit of time evaluating FAANG salaries in relation to the cost of living in their relevant areas. While in most cases it seemed I could maybe get 1.5x to 2x my St. Louis salary, I was looking at around a 5x increase in housing costs alone. It never made any sort of financial sense to make the move (as much as I would've liked to).
Of course the most sensible approach would be to offer just above market rate in whatever the local market is. That can be awfully hard to determine though. It's much more a function of local supply and demand than anything that correlates to cost of living.