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Tech companies keep asking employees to take pay cuts to work remotely, but workers are rejecting the idea they should be paid differently based on where they live


In a hyper-competitive job market that favors specialized workers like those focused on technology, it is shortsighted for companies to consider cutting salaries of those who want to make permanent remote work arrangements prompted by COVID-19. But a new Dice survey finds that one in 10 technologists say they have been asked to take a pay cut if they don't plan to return to the office. Facebook and Twitter have reportedly reduced salaries for employees who've moved to less expensive areas, and Google is considering a similar plan. On the flip side, Reddit and Zillow are among employers encouraging workplace flexibility, and a separate Dice survey found that 28% of companies have increased salaries to attract technologists from high cost-of-living tech hubs.

Yahoo News - September 28, 2021

View the full story here: https://news.yahoo.com/tech-companies-keep-asking-employees-130200028.html