Building a strong compensation strategy: Is location-based pay best?
Insperity
DECEMBER 20, 2022
In each market, cost of labor is influenced by: Supply of labor. Location-based pay may be the ideal approach for employees, but it can quickly become a logistical nightmare for employers. The term cost of labor refers to what the average employer is willing to pay a worker in that area to perform a certain job. Cost of living.
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