I just found out that my fully remote contract has a clause that allows the firm to adjust my pay based on my location. I was planning to move to a cheaper state to save money, but HR informed me they would cut my base by 15% if I left the tri-state area. They want NYC quality work but they don't want to pay NYC prices if I’m sitting in a farmhouse in Vermont. Is location-based pay the biggest scam or is it actually fair?

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They are right. Pay is always tied to your location, not their location. Why do you think New York send jobs to India? Pay people in India the same salary as if they live in New York? You charging them New York rate while moving to a cheaper location is more of a scam.

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Honestly you are lucky to have a fully remote job that is paying you a premium for living near a big city.

Presumably they do that because NYC metro is one of the highest talent markets globally, and they want to be in it.

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Seems like a great deal. You still likely win in that scenario.

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Additional Posts in Salaries in Finance

Curious what’s a fair salary in MA? Was just told that there is likely not going to be a chance for a raise during my upcoming performance review due to my salary already being “above average for the industry” based on my employer’s questionable research. I’ve been with the company 8.5 years & am the only one in my role, which they can’t operate without. I execute tasks from two investment advisors and two financial planners - they make the decisions of what should happen & I make it happen.

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I have an offer and want to negotiate

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I am thinking to negotiate to

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The only thing I know is it won't be every week, the return trian ticket is about £80-100, depends I could plan ahead.

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