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How you should compensate remote workers is a hotly debated topic lately. There have never been more people working remotely. Many were already working remotely before the pandemic and this trend will only continue post-COVID.
According to a recent Gartner CFO Survey, “Nearly Three in Four CFOs Plan to Shift at Least 5% of Previously On-Site Employees to Permanently Remote Positions Post-COVID 19.”
The rise of remote workers has caused many companies to re-think how they compensate their employees. Should you be compensating remote workers differently? Should they make the less or the same as other employees?
Our recruiters outline some things to think about when setting the salary for remote workers.
Use these considerations when setting compensation:
Laura Hilgras offers up 3 compensation strategies to consider for your remote workforce:
As you can see, the rise of remote workers has forced us to change how we think about compensating our employees. Consider the above information and make a decision that is in the best interests of your company and your employees. Ensure remote worker pay is in alignment with your compensation philosophy.
IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Cannabis, Startup, Data Science, Consumer, eCommerce & Retail, Operations & HR, Manufacturing, Supply Chain & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, Non-Profit & Sustainability, and Sales. Click here to view current job openings and to register with us.
Jace is a Senior Director, Client Services with IQ PARTNERS as well as our sales division SalesForce Search, where he specializes in Technology and SaaS recruitment. Jace is motivated by watching his clients grow locally, nationally, and internationally. Knowing that he plays an integral role in their growth and success is what he gets out of bed for.