Hello there,
I'm starting a new developer tools company - LibLab.com<p>The company will be remote-first as I don't think people need to sit next to me to be productive. Talent is everywhere and I want to hire people wherever they want to live.<p>One issue I still have is around the pay structure. I have two options - pay local rates or pay same salary no matter where people are. Here are some pros and cons I have so far:<p>Similar pay cross locations:<p>+ Pay based on value you bring to the company.<p>+ Equality, similar base line.<p>- Will be able to attract less people in hire cost of living areas.<p>Pay based on location:<p>+ Will be able to attract talent in expensive markets.<p>- Will be hard to keep track on local wages.<p>- Where people choose to live does not relevant to their output, hence pay.<p>I would love to get your thoughts and I ideas how I should pay remote employees!