Great Culture & Great Product - Anonymous employee Businessolver Employee Review

Thank you for your feedback. In regards to pay, while the “cost of living” and its fluctuations are economic dynamics we are conscious of, “cost of labor” is what is used in compensation strategy and philosophy due to its direct correlation to how organizations evaluate compensation when hiring and retaining talent. Cost of living measures differences in the price of goods and services, and allows for substitutions to other items as prices increase and decrease. When analyzing pay, cost of labor is used because this is what determines competitiveness relative to a particular role. Quality of life choices are not the drivers of market pay rates. The classic example is "sunshine dollars" or less pay for working in better climates, such as California. Since we are a fully remote organization and our employees can live anywhere thanks to Workplace Anywhere, the cost of labor provides the consistent data needed to respond to the demand for talent in our industry.