In the past few weeks, we’ve seen an extraordinary display of forward-thinking and leadership-by-example from a number of large digital natives who’ve declared indefinite work from anywhere policies for all their employees. Twitter, Facebook, Shopify, Coinbase, Square, among others, have taken a definitive stance on remote work. And even a number of more conventional enterprises, non-digital natives, like Nationwide, Barclays, and Mondelez have recently made bold declarations about the future of their organizations and remote working.
As the future looks decidedly more and more distributed for all kinds of companies, less certain are the norms and the policies that employers are going to put in place regarding location and compensation. There’s already been a significant amount of recent discussion on the question “How will location impact compensation in a remote-first world?” since Mark Zuckerberg let it be known last Thursday that Facebook will adjust the salaries of workers who decide to work from remote locations in other parts of the US or the world, to reflect those market rates.
As more companies make public their remote compensation policies, and remote workers become more interested in exploring their global lifestyle options, we are going to observe an evolution, a fundamental change in the relation between location and pay.
Continue reading “The Evolving Relation of Compensation and Location”