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💰 This page explains how we approach curating a competitive market salary for roles outside of the UK for those joining us as employees.
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🔗 Key Links
Countries we hire in
Why we localise reward
We made several considerations when deciding to localise reward to the country a person lives in
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Equity in the team
We want to avoid a situation where some team members have significantly less discretionary income than others doing the same role in another country, e.g. one person being able to afford a palace vs another person only affording a one bedroom flat.
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No golden handcuffs
We don't want to introduce the concept of 'golden handcuffs' - where the reward may be so good at Learnerbly it couldn't be matched locally, which means people could stay with us (even when they're unhappy) because of the reward.
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Staying competitive everywhere
If we lowered the salary ranges everywhere to a universal amount, we'd struggle to hire talent in markets where the cost of living is higher.
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Ability to hire more people
If we paid everyone we hire at a UK salary (based on London), we'd have to hire less people overall as our reward costs would significantly increase (taxes, benefits, salary etc.).
How we calculate local reward
How we do it
UK Equivalent Salary
- We start with what you'd be paid if you were in the UK.
- This is based on our London, UK salary bandings.
A random example in practice
UK Equivalent Salary
- Starting UK salary = £100,000
Cost of Living (COL) Adjustment
- We calculate how much more expensive or affordable it is to live where you are, compared to London, UK.
- We use **Numbeo** + look at the capital city* of your country for "consumer prices including rent"
- We take that percentage and round down to the nearest 5%.
COL Adjustment for Madrid vs London
- Madrid COL = 43.20%
- We round down to 40% ⬇️
- £100,000 - 40% = £60,000 UK Salary
Learnerbly Adjustment
- Where there are COL adjustments in excess of 20%, Learnerbly will add 20% extra to minimise the COL adjustment.
- e.g. if the COL adjustment was 50% in your country, we'd only adjust it to 30%.
- e.g. if the COL adjustment was 20% or less in your country, we wouldn’t make any adjustment at all.
- This is then converted into your local currency using XE, taking an average of the exchange rate over a 6 month period.
Learnerbly Adjustment
- 40% adjustment for Spain becomes 20% after the Learnerbly adjustment ⬇️
- £100,000 - 20% = £80,000 UK salary
Exchange rate conversion (1.18 fx EUR)
Omnipresent employ our people - wherever they may be (outside of the UK) - on Learnerbly's behalf and act as an Employer of Record [EOR].
In other words - Omnipresent act as the employer legally, Learnerbly is still the company you work for. 🤩
- 🎯 What do Omnipresent look after?
- 🧐 Can I be a contractor in my local country instead?
- 🤓 Can't Learnerbly just employ me directly in my local country?
FAQs
Pay
- ⏰ How often will the cost of living adjustments be reviewed for each country?
- 📉 How will the exchange rate impact me?
- 📍 *Why we look at the capital city when determining a COL adjustment
Benefits
- 🏖 Do I have to use UK Public holidays or can I use the ones local to my country?
- 🍼 What if my country offers me better benefits than Learnerbly offers everyone globally? e.g. Parental Leave