Most companies set salaries to compete with other jobs in the area, but remote work raises the question: What, exactly, is “the area”?
Enter location-based salaries: scaling pay for remote workers based on where they live. Employees in areas with a high cost of living (COL) like New York City are paid a New York City living wage, while employees in rural Montana are paid a rural Montana living wage. Location-based salaries for remote workers are becoming more popular—but are they always a good idea? Let’s weigh some of the advantages and disadvantages as you determine whether location-based