Why we pay equal salaries, wherever you work
Blog post from Raycast
In 2022, a fully remote company transitioned to a location-independent salary structure, using London as a benchmark, to ensure fairness, simplicity, and transparency in compensation. This shift was driven by the complexities and inconsistencies in adjusting salaries based on geographical location, which proved time-consuming and misaligned with the company's values of transparency and fairness. The company believes in equal pay for equal work, regardless of location, and emphasizes outcome-focused performance rather than location or negotiation skills. While this approach has potential downsides, such as being outbid by competitors in different regions, the company offers unique cultural benefits, such as annual retreats and regular innovation opportunities, which they believe make them an attractive workplace for tech professionals.