Chapter 1
What is a remote work compensation policy?
A remote work compensation policy is, simply put, a set of guidelines that formalizes a company’s pay strategy for remote workers. It aligns with a company’s stated values and often specifies which pay model they follow.
Typical aspects of a remote work compensation policy include:
- The values behind the company’s remote work compensation policy
- Pay rates for different roles and/or departments in the company – and how these are calculated
- Legally-mandated country-specific deductions and contributions (if a company hires globally)
- All applicable perks (e.g., training budget, home office equipment stipend, co-working allowance)
- Reimbursable expenses – and how these can be claimed
Is your company's remote pay strategy location-based, location-agnostic, or a hybrid strategy?