Let's not beat around the bush, specifically, Gitlab does this, IIRC.
I wonder if anyone has tried moving to NYC/SF for a year and then moving back to lower cost of living. Would these remote-only companies really give you a paycut?
However: In the long term if employees stay with the company long term, salaries tend to get bumped up to approximately the same. So you might get started lower, but your yearly pay bump will be higher.
Team members in low-wage regions being in golden handcuffs and sticking around because of the compensation even when they are unhappy.
Those people will be still be in golden-handcuffs until they find another remote job. A concentration of team members in low-wage regions, since it is a better deal for them, while we want a geographically diverse team.
Come on, you can still pay top dollar globally and hire evenly around the globe if that's what you want. It's just cheaper their way.Honestly, the whole thing is just a huge rationalization. They could just have said "we adjust for location because we can".
What??? Only in SV could a company get away with saying it’s “healthy” to not pay people their value. Usually, golden handcuffs refer to retirement and other benefits, not base compensation.