According to Babak Varjavandi, companies embracing location-based compensation send an unspoken message that people who live in more affluent areas are worth more to the company.
- What are the positive effects of avoiding location-based pay cuts?
- How does Babak recommend that companies set up fair compensation plans in a remote work environments?
- What is the role that trust plays in the workplace?
- What was your impression of the program that the fintech company Stripe was implementing?
Varjavandi, B. (2021). Don’t let location-based salaries stall pay equity and diversity goals. BenefitsPro.com, Dec. 1 (Retrievable online at https://www.benefitspro.com/2021/12/01/dont-let-location-based-salaries-stall-pay-equity-and-diversity-goals/?)