“As companies grant employees the freedom to work from anywhere, HR leaders are grappling with a new challenge: should they be using geographic pay differentials?

BalancedComp, a business management consultancy, sets salary administration structures for 300 banks and credit unions in the United States. According to its 2022-2023 Salary & Incentive Survey, which came out earlier this month, 51% of companies adjusted remote employees’ pay after they moved to a different market.”