Determine local salary adjustments for your remote workforce. At a local and regional level, cost of labor data can be scarce. Global IQ research has shown that cost of living is highly correlated with cost of labor, making it an excellent proxy to fine tune your local workforce compensation.
Create a truly localized salary structure with real, on the ground costs. Pairing detailed cost of living data from hundreds of locations with current compensation structure, will allow your organization to add localized depth and range ensuring workers are paid correctly for their market.
Improve employee experience by helping your workforce make informed relocation decisions. As employees continue to make the shift to remote work, they are looking to relocate to new locations that can support their lifestyle and needs. By providing robust data tied to their salary and life situation, your organization can ensure their financial well-being.