While millions of workers have grown used to the flexibility granted by remote work, employers have grown accustomed to a level of flexibility too — specifically when it comes to who they can hire and from where. But how do employers determine salaries for those hires, if not based on location?
Globally, 16% of companies hire remote-only workers, according to tech company Owl Labs. Freelancing platform Upwork reported that 36.2 million Americans are expected to work remotely by 2025, an 87% increase from pre-pandemic numbers. As companies continue to hire talent across state lines and even national borders, employers will have to decide how to benchmark salaries for a global workforce.
