[RestlessMind]

May I ask how big your company is? And how many senior (as in, actual VPs, Directors or Architect level) employees you have? In my experience, I found all these candidates to be present in HCOL areas and the real good ones had plenty of options paying HCOL comp.

For run of the mill junior-ish employees who are treated as disposable cogs by my company, your strategy worked effectively. So we ended up with junior employees in LCOL or foreign countries (mostly Canada and Mexico) and senior levels in SFBA / NYC.