1. Timezone - I think you need a strong documentation + asynchronous work culture. Less pair programming, more Jira.
2. No "human" touch - just make Zoom calls and drink beer.
3. Difficult to figure compensation scale - I wouldn't bother with CoL. just pick a floor and see who you get. You are fishing globally.
4. Lack of legal presence - this matters if you generate sales in the same country that you have contractors. Tax office will prefer a local entity that files taxes. The labor office will probably pressure you to hire contractors as local employees since you have a local entity. Employees may get taxed more brutally than as employees.
5. Compliance & regulations - I guess your ops people should be in home base. and I guess get your devs to develop code using dummy data. I guess if the code touches HIPAA-ish data, remote work does not really work.
2. No "human" touch - just make Zoom calls and drink beer.
3. Difficult to figure compensation scale - I wouldn't bother with CoL. just pick a floor and see who you get. You are fishing globally.
4. Lack of legal presence - this matters if you generate sales in the same country that you have contractors. Tax office will prefer a local entity that files taxes. The labor office will probably pressure you to hire contractors as local employees since you have a local entity. Employees may get taxed more brutally than as employees.
5. Compliance & regulations - I guess your ops people should be in home base. and I guess get your devs to develop code using dummy data. I guess if the code touches HIPAA-ish data, remote work does not really work.