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The law also requires that Colorado employees be informed of all promotional opportunities. A promotional opportunity is "a vacancy in an existing or new position that could be considered a promotion for one or more employees in terms of compensation, benefits, status, duties, or access to further advancement." If a company doesn't already have Colorado employees, they may not be interested in having a remote employee in CO that requires special treatment. |
Generalize even further. If the company doesn't already have employees in <different regulatory jurisdiction> then they won't incur the cost of compliance in <different regulatory jurisdiction> all else being equal.
If CO had very cheap labor it would pencil out and they'd gladly jump through the hoops to comply. But CO doesn't have particularly cheap labor for the kinds of jobs in question.
Heck, my company wanted to hire a specific expert in a specific field. They were willing to pay the moon but but still almost didn't do it because of the compliance headache from having international employees. They hired a 3rd party intermediary to hire this person.