question location-focused pay scalesIn setting pay without regard for location, tech companies including Reddit Inc. and Zillow Group Inc. are making a potentially expensive gamble to retain talent and gain a hiring edge. The move can entail maintaining relatively high salaries of employees who are relocating, and adopting a revised scale for new hires. Though it is early, the move challenges a long-held, but not universal, notion that where people live should determine what they make.
Some big tech firms including Facebook Inc. were clear early on in the pandemic that people moving away from the Bay Area to less expensive cities would see a pay cut. Payment platform Stripe Inc. offered one-time bonuses for workers who moved out of San Francisco, Seattle or New York—and agreed to a pay cut of up to 10%.
But a pay cut for any reason can be bad for worker morale, said Jake Rosenfeld, a sociology professor at Washington University in St. Louis who researches pay determination. “Employers really have to do a bit of a dance to justify it to workers,” he said. Workers considering more flexible work scenarios are themselves divided. A November survey of 600 tech workers by the job-search platform Indeed found that 60% of respondents would be willing to take a pay cut to work remotely permanently while 40% said they wouldn’t.
Which bright guy is coming with this idea? Have they gotten an apartment in Manhattan or Washington DC as compared to Grande Valley in Tx or some remote area in Arizona?
This part!!👇🏽 “Many of the tech workers he has heard from are based outside the U.S.—in India, Nigeria, Singapore and Eastern Europe. He anticipates that as more people compete for fully remote jobs, the going rate for tech work will eventually come down.”
Now this is how you remove all collective bargaining power forever and ensure total corporate hegemony. Progressives will defend this.
California levels of pay in Utah, nice 👍🏻
Hey WSJ, should people with doctorates be called Dr tho? Lates discuss this then we discuss pay scale, okay Kiddo?
That is stupid. We couldn’t get anyone to move from Dallas to LA. Even with a 10% pay bump. That barely covers state income tax.
good luck
fightoracle I saw someone say this 4 months ago
Dispersing the Bots from the nest, unleashing them across the earth.
Another victim of COVID. Real Estate, Leisure to grow Post-COVID, Family stress release venues. Social isolation. Can we go back to the way we were?
This is stupid. They paid these people for what is in their brain, not for where they live.
1 yr has passed the only research paper for a natural origin of COVID-19 is the infamous study published last March in Nature: the Proximal Origin of SARS-CoV-2. At least two authors are getting money from China. One is honored by CCP. The virus was made & leaked from a PLA lab.
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