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Compensation Is a Huge Corporate Headache in the Remote-Work Era

May 20, 2022, 2:00 PM

The pandemic untethered millions of people from their big-city offices, allowing them to move to smaller communities where they could work from home. But the mass migration has become a nightmare for companies, which are struggling to find equitable ways to compensate employees who have the upper hand as remote-friendly roles proliferate in a tight labor market. “It’s one of the hardest business problems to solve right now,” says Daniel Yanisse, co-founder and chief executive officer of Checkr Inc., a provider of background checks for hiring based in the Bay Area. About 40% of Checkr’s staff live 50 miles ...