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Editor's Note: This article focuses on how firms justify compensation adjustments, or the lack thereof, for branches in different geographic areas. This important aspect of compensation was alluded to indirectly in several of our recent articles on associate compensation, but the same concern obviously applies more broadly. My guess is that some readers have supplemented their general concerns about fairness, morale and competitiveness with serious mathematical modeling; I invite these readers to share their thoughts with other A&FP readers. (Reach me at [email protected].)
As firms across the country lift associate salaries, some are opting to pay the same in all U.S. offices outside New York, while others still pay less in secondary markets like Philadelphia, Atlanta or Miami.
Approaches to Salary Structure
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