Payara was born global – we started hiring globally by design, so the issue of pay and compensation has always been a challenge. Payara was also born to be remote first – enabling us, by design, to hire and support top talent for each role regardless of the individual’s geographical location. So, the issue of pay and compensation, Geo – Neutral versus Geo-Differentiated, has been a long and frequent discussion within the business. 

Basic salary as part of a larger pay and compensation package plays a crucial role in attracting and retaining a talented workforce, but now thanks to the rise in remote working many more business are entering the Global hiring market, and this raises new and difficult challenges when it comes to determining pay structures. Some businesses make the decision to implement geo-differentiated pay, which accounts for regional cost-of-living disparities, while some make the decision to implement geo-neutral pay, which applies a uniform compensation across all locations.

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