this post was submitted on 04 May 2024
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[โ€“] [email protected] 3 points 6 months ago (1 children)

As a note, my company, a fortune 50 company, does not adjust for cost of living. They adjust to cost of labor.

So if they were to magically hire overseas (not a thing they do), they would pay people from Spain average Spanish wages for the industry.

[โ€“] [email protected] 1 points 6 months ago

Yep, that is actually the correct term, cost of labor. I work for a smaller one (NASDAQ 100) and they do hire remote and do adjust for cost of labor.