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fliptop writes:

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.

Original Submission