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Ask HN: How do you set compensation for remote workers?
Hi HN friends, I'm genuinely curious to know how you are setting compensation for remote employees.
- Do you consider cost of living?
- Do you allocate an additional office setup package?
- Pay everyone the same? (e.g. Datacamp)
- Create a salary calculator? (e.g. GitLab)
I wish more companies would adopt GitLab's salary calculator approach, IMHO it is probably the one most fair.
- Zaheer 6y agoCheck out this calculator from Pequity: https://www.getpequity.com/relocation-calculator.html https://www.getpequity.com/relocation-calculator.html They help companies set up compensation plans and put together a calculator for this.
- wryoak 6y agoIf we normalize paying someone based on their cost of living, as in options 1 and 4, as opposed to paying them based on the value of their labor, then we can expect at least two outcomes: 1) Highly skilled people will not move to/will move away from depressed regions, further exacerbating regional inequality 2) Say goodbye to performance-based pay increases... And once employers stop using the carrot to incentivize, all that's left is the stick