Manage Pay for a Remote Workforce
Switching to a remote work approach has many benefits; however, it can also create new challenges for employers – including how to determine compensation for remote employees.
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A remote work environment allows organizations to hire talent from anywhere — or at least from more locations than a traditional office or hybrid office. It can also be an effective differentiator in attracting and retaining talent who developed and affinity for remote work during the pandemic.
Switching to a remote work approach has many benefits; however, it can also create new challenges for employers – including how to determine compensation for remote employees. In this expert brief, we examine how enterprises are tackling compensation for a remote workforce, the benefits of doing so, and the risks which should be considered.