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There's been some recent speculation about the effects working from home will have on various parts of the economy, particularly the commercial real estate market. If companies can figure out how to keep employees productive, coupled with the desire for some to relocate to more rural areas (and consequently, farther away from the office), it's possible some companies may reconsider continuing to carry all the overhead associated with having an office.
Which leads to the question: should remote workers accept a pay cut for working remotely?
A recent survey of 600 U.S. adults found 66 percent willing to take a pay cut for the flexibility of working remotely.
To what degree varied, however.
- Fourteen percent would take a one to four percent cut;
- Twenty-nine percent would take a five-to-14 percent cut;
- Seventeen percent would take a 15-to-24 percent cut;
- Seven percent would take a 25 percent or more cut;
- Thirty-four percent would not take a lower salary for flexible remote work.
The survey, taken from July 5 through 7 from Fast, a start-up specializing in online checkout, found COVID-19 safety concerns part of the current appeal of remote working. Thirty-nine percent were less comfortable returning to their physical office compared to 30 days before. However, 65 percent preferred a workplace that gives employees the flexibility to choose where and when they work remotely.
[...] The concept of "localized compensation" or paying someone less for the same work because of where they live is being hotly debated in human resources circles. In May, Facebook drew some backlash after announcing that employees choosing to permanently work remotely will receive salary cuts if they move to less expensive areas.
Originally spotted on The Eponymous Pickle.
(Score: 1, Interesting) by Anonymous Coward on Monday July 27 2020, @05:15AM (2 children)
It's kinda like Uber, where you use your own car, your own (non-commercial liability) insurance, and your own health insurance and your own clothes and grooming products, but you only get paid some pathetic flat rate. If it were me, and my Heartless Corp(tm) were to want to move me permanent work from home, I would need: Office space rent, at going rates per square foot; Infrastructure, including computers, routers, scanners, internet access and Cable TV (because, bundled, cheaper for them!), and coffee maker; Heating, cooling, home cooking expenses, per diem costs of domestic companionship, costs of sanitary services (toilet), security services (from cams to fencing to actual personnel); and serverance pay, equivalent to 10 years salary, in the event of a termination on ethical grounds. That ought to cover it!
(Score: 2) by c0lo on Monday July 27 2020, @06:24AM (1 child)
Not for me, not gonna stay with them in such conditions.
No office rent, it's called work from home.
All the remaining in the list above are:
1. tax deductible in Australia, based on the percentage you are using for work
2. starting July, my employer included monthly allowances to pay for comms - Internet and phone ($250/mo)
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Informative) by gawdonblue on Monday July 27 2020, @08:14AM
ATO allows a flat $0.80/hr work-at-home during COVID-19 tax deduction. Just keep a journal.
https://www.ato.gov.au/Media-centre/Media-releases/New-working-from-home-shortcut/ [ato.gov.au]