We will maybe end up with a mix of cost of living, cost of labour, and rent.
We address red-hot real estate by considering to add rent to the mix, but it is tricky since some team members might be living in rent-controlled apartments and we want to have a number that doesn't depend on personal circumstances.
thanks for the follow-up, it must be hard also because of say areas where the real estate is skyrocketing due to investment money coming in from abroad, but where rents aren't moving nearly as much (because local salaries aren't moving really), which makes compensation indexed on real estate skew very high, but compensation indexed on rents skew very low if one wants to be able to afford buying a house at some point
We will maybe end up with a mix of cost of living, cost of labour, and rent.
We address red-hot real estate by considering to add rent to the mix, but it is tricky since some team members might be living in rent-controlled apartments and we want to have a number that doesn't depend on personal circumstances.