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Global Pay Parity: Should Remote Workers Be Paid Based on Location?
Episode 68: The Global Remote Pay Dilemma
Read the full article here: https://smartkeys.org/global-pay-parity/
In this episode of the SmartKeys podcast, we tackle one of the most complex questions in the distributed work era: Is a role worth the same regardless of where the employee sits? We dive into the strategic, ethical, and legal layers of remote compensation.
Based on the comprehensive guide "Global Pay Parity: Should Remote Workers Be Paid Based on Location?" by Felix Römer , we analyze the two dominant compensation models: Parity-First (paying for the role) and Geo-Based Differentials (paying for the location). We explore how these choices impact internal equity, company budgets, and the persistent global gender pay gap.
In this episode, you will learn:
Model 1: Parity-First Compensation: Why anchoring pay to a role's intrinsic value promotes fairness, reduces unexplained pay gaps, and boosts talent retention .
Model 2: Geo-Based Differentials: How adjusting wages for local market conditions and cost of living helps control budgets but risks creating new regional inequities .
The 20% Global Gap: A look at the stakes, including the fact that women still earn roughly 77 cents for every dollar men make, a gap often widened by unpaid care responsibilities .
The Transparency Bonus: Why including salary ranges in job listings can attract 50% more applicants and build immediate trust with potential hires.
Regulatory Pressures: Navigating the EU's Pay Transparency Directive and CSRD, alongside evolving EEOC priorities in the United States .
The Employer Playbook: Practical steps for auditing your pay gaps, standardizing offer templates, and training managers to lead empathetic compensation conversations .
Stop guessing your way through remote offers. Tune in to learn how to link your compensation policy to measurable progress and real equity.
Resources mentioned:
🌐 Visit SmartKeys: https://smartkeys.org
Note: This episode features an AI-generated conversation based on source material from SmartKeys.org
View all episodes
By SmartKeysEpisode 68: The Global Remote Pay Dilemma
Read the full article here: https://smartkeys.org/global-pay-parity/
In this episode of the SmartKeys podcast, we tackle one of the most complex questions in the distributed work era: Is a role worth the same regardless of where the employee sits? We dive into the strategic, ethical, and legal layers of remote compensation.
Based on the comprehensive guide "Global Pay Parity: Should Remote Workers Be Paid Based on Location?" by Felix Römer , we analyze the two dominant compensation models: Parity-First (paying for the role) and Geo-Based Differentials (paying for the location). We explore how these choices impact internal equity, company budgets, and the persistent global gender pay gap.
In this episode, you will learn:
Model 1: Parity-First Compensation: Why anchoring pay to a role's intrinsic value promotes fairness, reduces unexplained pay gaps, and boosts talent retention .
Model 2: Geo-Based Differentials: How adjusting wages for local market conditions and cost of living helps control budgets but risks creating new regional inequities .
The 20% Global Gap: A look at the stakes, including the fact that women still earn roughly 77 cents for every dollar men make, a gap often widened by unpaid care responsibilities .
The Transparency Bonus: Why including salary ranges in job listings can attract 50% more applicants and build immediate trust with potential hires.
Regulatory Pressures: Navigating the EU's Pay Transparency Directive and CSRD, alongside evolving EEOC priorities in the United States .
The Employer Playbook: Practical steps for auditing your pay gaps, standardizing offer templates, and training managers to lead empathetic compensation conversations .
Stop guessing your way through remote offers. Tune in to learn how to link your compensation policy to measurable progress and real equity.
Resources mentioned:
🌐 Visit SmartKeys: https://smartkeys.org
Note: This episode features an AI-generated conversation based on source material from SmartKeys.org