Building a strong compensation strategy: Is location-based pay best?
Insperity
DECEMBER 20, 2022
Cost of living refers to the price of goods and services, such as food, gas, housing and transportation, in a specific market. Location-based pay may be the ideal approach for employees, but it can quickly become a logistical nightmare for employers. In each market, cost of labor is influenced by: Supply of labor. Demand for labor.
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