Geographic Pay Differential | Geographic Differential Pay | Croner

Posted on Feb 5, 2021 by in Attracting and Retaining Talent, Compensation Solutions, Compensation Surveys, Digital Entertainment Compensation News, Media Industry News, Recent Developments, Software Games Industry

The Croner Company is conducting an interim survey to report on compensation policies and practices under consideration or being implemented as a result of the shift to remote work. The survey is open at no charge to all survey participant companies registered for 2021 annual benchmark surveys conducted by Croner.

The COVID-19 pandemic has brought new challenges to the forefront for many companies and has accelerated a shift to remote working practices.

The survey is conducted in response to questions from consulting clients and survey participants about geographic differential pay, and how to handle pay for employees who will become permanent remote workers. One of the central issues facing employers is how to adjust pay for employees that have relocated to lower cost of living areas.

For companies that will allow employees to relocate and continue to remote work permanently, the survey will explore related geographic pay practices.

Topics include if pay will be adjusted, in what timeframe pay will be adjusted, if adjustments vary by whether an employee chooses to relocate or is asked to relocate, and if adjustments will vary by job family or other considerations.

Data will also be collected on geographic pay zones, including the current number of geographic pay zones used by the organization and plans for additional pay zones going forward to determine if the organization will use zones by cost of labor near office locations, zones by cost of labor far from office locations or a national remote work zone.

The results of the survey will be released in March.

If your organization would like to participate in a 2021 Croner Survey and be included in this timely Remote Work Practices Interim Survey, please contact Laurie Krashanoff, Manager, Account Relations, at +(415) 485-5521 or laurie@croner.com.

Follow this link to find out more about The Croner Company’s compensation surveys.