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In the short term, with tons of well-funded or high-revenue companies struggling to hire, remote is a way to make your existing comp more attractive by opening
by majormajor 5y ago
In the short term, with tons of well-funded or high-revenue companies struggling to hire, remote is a way to make your existing comp more attractive by opening it up to a new set of people and out-bidding their local employers.
In the long term salaries will likely equalize a bit, but maybe not that much. Even in today's tech hubs, the existing range of salaries is VERY wide. Not every dev in SF is making 300k+, and yet the FANG companies have been in an increasing comp arms race for several years.
- systemvoltage 5y agoThat's because even remote jobs are US/Canada only.
- majormajor 5y agoIt'll take a long time (likely never, for small companies) for more companies to be international-friendly, for communications reasons for non-English-native-languages nearby countries, for HR/tax/legal compliance overhead reasons even for Canada, and for those plus time zone headaches for others. If you really want to do it with less paperwork as a US company, you can get around the tax headaches even today, hiring through some outsourcing staffing firms. Lots of those in Latin America now. Quite a bit cheaper. Still a bit of a communication hassle. But that hard barrier of not being employed directly keeps things at arms length in terms of affecting the overall salary market.