How to Choose a
Remote Pay Strategy
The Complete Guide
Experts insights from: Alex Wilson-Campbell, Sondre Rasch, Georgie Roberts, Ali Greene, Chris Dyer, Michelle Keefer, Kevin Kirkpatrick, and Kristen Shroff.
Imagine this. You’re a growing startup with a great product. You’ve hired a few remote employees in the US, Australia, and Germany and want to build out your customer support team. You find promising candidates in Brazil, Canada, and Poland, and you want to hire all three of them. What salary should you offer? Since they’d all have the same role, it might seem to make sense to pay them the same amount. However, for your current employees, you calculated their salaries based on their local costs of living, so that some of them make more than others, even though they have similar roles. Should you adjust their salaries, so they’re paid the same, too?This is where a remote work compensation policy comes in. For your first few remote hires, you may not need a formalized remote salary policy yet. However, as you grow and start hiring in different locations and markets, you'll begin questioning how best to pay your team members (and your employees and job candidates will have questions about your approach, too).Answering these questions is easier if you have a remote work compensation policy. This guide walks you through different remote pay strategies and helps you create a policy that aligns with your company’s values and matches your specific goals. Learn what a remote work compensation policy is, the many benefits it offers, the different types of compensation and pay strategies that are available to you, the factors that could influence which strategy you choose, and real-life examples of remote work compensation strategies to help you draft your own version.
How to use this guideIf you already know what a remote work compensation policy is and want to read about different strategies, jump here. For those of you who are new to remote compensation policies, we’ll take you through the basics before diving into strategies.
Let's get started.