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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: 2) by Opportunist on Monday July 27 2020, @06:52AM (3 children)
My company told us to "officially" only work 49% of our time from home (but it's not going to be checked whether you do more, wink-wink-nudge-nudge). The reason for this is that by law, if you work more than 50% of your time from home they have to pay for your office at home.
In other words, to respond to your question, no. Since you're offering your electricity, your space, your furniture, your equipment and a lot more to your company, they should be glad you don't charge them extra and STFU.
(Score: 3, Interesting) by JoeMerchant on Monday July 27 2020, @01:25PM
In the end, market rates decide. Short term radical changes need some guidance to "keep things balanced and fair," if for no other reason than to calm indignant tempers.
If 30 million people permanently transition to WFH, raises, new offers for employment, etc. will begin to be decided on the newly broadened market. While my company has uniform nationwide pay by job title, you can look around and see the higher titles are handed out like candy in the high cost of living areas, and grudginly if at all in the lower cost areas.
Україна досі не є частиною Росії Слава Україні🌻 https://news.stanford.edu/2023/02/17/will-russia-ukraine-war-end
(Score: 0) by Anonymous Coward on Monday July 27 2020, @02:14PM (1 child)
> In the end, market rates decide.
Yes. The CEO is not charging such a high fee because of his electricity expenses.
(Score: 2) by Opportunist on Tuesday July 28 2020, @10:21AM
No, but everyone wonders what he gets that amount of money for when most of the stuff he does could be done by a magic-8-ball.