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Setting remote pay rates

Suggested by Jeremy Burton over 4 years ago

“It’s one of the hardest business problems to solve right now,” says Daniel Yanisse, co-founder and chief executive officer of Checkr Inc., a provider of background checks for hiring based in the Bay Area. About 40% of Checkr’s staff live 50 miles or more from one of its six offices. “We’ve fully embraced remote work, but how do you adapt to all these locations?”

From https://www.bloomberg.com/news/articles/2022-05-20/remote-work-is-forcing-companies-to-rethink-location-based-pay


Why Now?
Since 2020, about 2.4% of Americans, or 4.9 million people, say they’ve moved because of remote work, according to surveys from freelance marketplace Upwork. Its recent polling shows the migration is poised to continue: Almost 1 in 10 Americans plan to move to work remotely. Since January 2020 in the US, monthly remote job postings have tripled, 
Possible Solutions
CD
over 4 years ago

Founding Partner @ Bootstrapital

over 4 years ago

Repeat Founder, Investor, Customer Growth Leader, Global Citizen

"How to set worker pay in a distributed world?" - Big priority for a number of companies we work with at BeyondHQ. Part of the challenge is that many HR teams (recruiters especially) have point-in-time data through static sources, and base decisions off of, well, dated data. Here is an example of how we have been delivering interactive location-specific insights, not just for pay, but also for talent availability and overall 'market ranking': https://insights.beyondhq.co/shared-cost-comparison/I8Bz5GfsE-rkAoyzLJThEQdqAbqV1BGeKFkv28E-7Lc

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