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Will Remote Compensation Be Tied to Location in the Future?
- PragmaticPulp 6y agoCompensation makes more sense after people give up notions that they're paid according to the value they produce. Compensation settles at the lowest value required to convince you to join and stay at a company. That's it. It's called market rate because hiring is a market, which is governed by supply and demand. Better negotiating skills can help you distort that market a bit to your advantage, while sub-par negotiating skills will put you at a disadvantage. But it all pivots around market rate, supply and demand, and the minimum cost to prevent you from leaving the company.