From Facebook to Reddit, how Silicon Valley salary adjustments could redefine remote worker earnings

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From Facebook to Reddit, how Silicon Valley salary adjustments could redefine remote worker earnings. (via CNBCMakeIt)

That has sparked debate about whether these moves will set a precedent for how salaries are determined going forward, and what that could mean for employees working in different industries and locations."Covid-19 is a gamechanger for the workplace," said David Lewis, CEO of HR consultancy OperationsInc, a human resource consulting firm. "The ability to work from home is going to be ... a huge competitive issue, and compensation is part of that.

In Asia, this may apply to China's or India's tiers in cities — as it will only impact larger countries with differentiated pay levels.Those changes may, in turn, prompt international firms to follow the U.S. in adopting localized pay rates across cities and regions. Such strategies will be most applicable for larger countries with similarly divergent living costs, according to HR consulting firm Mercer.

"As companies navigate through this crisis and the uncertainties ahead, it is critical to ensure that employees understand how their pay is determined and perceive that their pay is fair relative to their contribution," she said.

 

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