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The Dark Downside Of The Work-From-Home Trend
Posted on 9/16/20 at 6:41 pm
Posted on 9/16/20 at 6:41 pm
LINK
Curious to see how this work from home model is going to fare long-term. I know it’s all the rage now but it’ll be interesting to see how sustainable it is 5 plus years from now.
Several predictions call for business travel and in-person meetings to lag behind for several years some even going as far a decade, thanks to virtual platforms like Zoom and MS Teams. Maybe it’ll be popular for a few years and then offices become cool again.
quote:
There is little discussion around the dark side to this trend. For instance, VMware—a California-based publicly traded software company that provides cloud computing and virtualization software and services— announced that employees who work remotely will get a pay cut if they move out of Silicon Valley to live in less-costly cities.
However, he then added a subtle catch that may have been missed by many. Employees will have to tell their bosses if they move to a different location. According to Zuckerberg, those who flee to lower-cost cities “may have their compensation adjusted based on their new locations.” He added, “We’ll adjust salary to your location at that point. There’ll be severe ramifications for people who are not honest about this.”
Curious to see how this work from home model is going to fare long-term. I know it’s all the rage now but it’ll be interesting to see how sustainable it is 5 plus years from now.
Several predictions call for business travel and in-person meetings to lag behind for several years some even going as far a decade, thanks to virtual platforms like Zoom and MS Teams. Maybe it’ll be popular for a few years and then offices become cool again.
33
Posted on 9/16/20 at 6:44 pm to Paul Allen
Please include a warning when it is a forbes article.
Posted on 9/16/20 at 6:49 pm to yatesdog38
Absolutely. Will do. Thanks for the heads up.
Posted on 9/16/20 at 6:51 pm to Paul Allen
quote:
may have their compensation adjusted based on their new locations
No shite
Posted on 9/16/20 at 6:52 pm to I Bleed Garnet
Pretty obvious. Huh?
Posted on 9/16/20 at 6:54 pm to Paul Allen
I guess you'll just have to do the math.
Posted on 9/16/20 at 6:56 pm to Paul Allen
I suppose that's only fair
Those salaries are based on the local market and COL.
A software developer needs a much higher salary to live comfortably in Seattle than Hattiesburg.
Those salaries are based on the local market and COL.
A software developer needs a much higher salary to live comfortably in Seattle than Hattiesburg.
Posted on 9/16/20 at 6:57 pm to Paul Allen
quote:
Pretty obvious. Huh?
Yes
Posted on 9/16/20 at 6:58 pm to fallguy_1978
quote:
I suppose that's only fair
Those salaries are based on the local market and COL.
A software developer needs a much higher salary to live comfortably in Seattle than Hattiesburg.
This
Posted on 9/16/20 at 6:59 pm to fallguy_1978
Well then hire only developers from Hattiesburg and pay yourself the difference.
Posted on 9/16/20 at 7:01 pm to Paul Allen
Thought this was gonna be about killing kids
Posted on 9/16/20 at 7:02 pm to Paul Allen
The salary thing makes sense and offices may be out of style for a year or so....BUT travel will come back in a big way especially if oil stays down.
All the big conferences are going to be doing big things to drive attendance when they can talk back up.
All the big conferences are going to be doing big things to drive attendance when they can talk back up.
Posted on 9/16/20 at 7:02 pm to Paul Allen
I find the Teams meetings highly ineffective.
Posted on 9/16/20 at 7:04 pm to Paul Allen
And the opposite happens, too. During all of this I moved to a higher CoL region and my company bumped me accordingly.
Posted on 9/16/20 at 7:07 pm to Capt ST
quote:
I find the Teams meetings highly ineffective.
A lot of them are, particularly if it's a with too large of a group or people that aren't used to them. I've been doing internet meetings like that almost daily for 15 years.
Posted on 9/16/20 at 7:12 pm to Yellerhammer5
quote:
Well then hire only developers from Hattiesburg and pay yourself the difference.
A company like VMware would never be able to do that. It's a huge company.
I guarantee you when you call and talk to "Billy" in India from Microsoft that he's not making a Redmond, WA salary. This is not really any different from that. They just happen to be in the same country.
This post was edited on 9/16/20 at 7:12 pm
Posted on 9/16/20 at 7:15 pm to Paul Allen
I’ve worked from home for 8 of the 10 years since I’ve been out of college.
It works for some fields, it doesn’t work for others.
In my field, some people work from home but still need to reside near their organization, other organizations allow people to work from anywhere. If you have to stay near your organization, you get paid in line with that location. If you can work anywhere everyone is paid on the same scale. For instance, your job as an analyst may pay 100k, it’s up to you if you want to take that 100k and live in California where that may be an average salary, or in bumfrick Kansas where you might be an upper tier earner.
ETA: the salary that my company offers for remote positions is average to high. People who hold these positions (for other orgs) in cities such as New York, LA, San Francisco, etc... may make 10-20% more than people who work for my company, but at the same time positions (at other orgs) based out of rural areas of the country may make ~30% less. I was given a raise going from a position in New Orleans to a remote position, and I was a high earner for my position at the time.
It works for some fields, it doesn’t work for others.
In my field, some people work from home but still need to reside near their organization, other organizations allow people to work from anywhere. If you have to stay near your organization, you get paid in line with that location. If you can work anywhere everyone is paid on the same scale. For instance, your job as an analyst may pay 100k, it’s up to you if you want to take that 100k and live in California where that may be an average salary, or in bumfrick Kansas where you might be an upper tier earner.
ETA: the salary that my company offers for remote positions is average to high. People who hold these positions (for other orgs) in cities such as New York, LA, San Francisco, etc... may make 10-20% more than people who work for my company, but at the same time positions (at other orgs) based out of rural areas of the country may make ~30% less. I was given a raise going from a position in New Orleans to a remote position, and I was a high earner for my position at the time.
This post was edited on 9/16/20 at 7:25 pm
Posted on 9/16/20 at 7:15 pm to Paul Allen
quote:
The Dark Downside Of The Work-From-Home Trend
You mean the "moving far as hell away from your workplace" trend.
Most office people I know that are still working from home (that didn't before March) are loving the shite out of it
Posted on 9/16/20 at 7:16 pm to Paul Allen
I wonder if this will apply to c level execs who live in different areas?
Posted on 9/16/20 at 7:26 pm to Paul Allen
After companies realize they can pay people lower to work remotely.
They’ll quickly figure out they can pay people even less to work remotely..... from Mumbai.
They’ll quickly figure out they can pay people even less to work remotely..... from Mumbai.
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