We've been asked to target LCOL areas for new hires.
With this new "Virtual First" WFH mantra our directive for new hires is to exclude HCOL areas. We're being asked to not hire in San Francisco, New York, Seattle... at all. We're even being asked to not look in lower-than-high COL areas like Austin, Chicago, DC. So the list where we should be looking at resumes instead are places like Georgia, Oklahoma, Ohio, Alabama, Tennessee, Texas (non-Austin), etc.
I assume we're not the only ones doing this.
How are you feeling about working from home indefinitely now that your jobs are leaving?
At some point this will have some effect on visa work, why sponsor anybody when you can hire them directly in their low cost country? How could a company even justify sponsoring anybody when they're just going to work remotely? Why even hire inside the US at all when all your employees are virtual?
I'm just wondering how far this will all go. I'm not advocating for or against, just noting that things are starting to change and unless we adapt we're going to be in for some hard times. That sweet, sweet TC we've all gotten used to might not be around forever.
comments
More like 5k lol
Overall I think it makes sense and might help develop more of the country.
PS. I’m in the Midwest and have been remote for the last 5 years.
Additionally, I am sure most well paid folks at faang and such realize that they overpaid for all their houses (plural). They would not want those values to fall sharply and that might cause them to vote against remote initiatives in their company.
But in actuality, big companies paying high TC tend to do so in order to prevent competitors from snatching up talent. Which makes it harder (that's their hope) for them to innovate. This won't change. And those able to negotiate higher TC will still be able to do so, relative to their COL. Which isn't any different than before.
These jobs ARE doable remote, the last 16+ months has proven that beyond any doubt. Why should a company pay you 3x what it would cost them to hire someone from the middle of Iowa? You claim to be more skilled, but you have no evidence or fact. Most people in SF came from those other areas.
Is there AS MUCH talent in this little Iowa city? No, but they now have hundreds to thousands of city’s, towns, etc that they can hire from. If you’re worth your comp over someone from small town USA, prove it. Put out 2x/3x/4x their work output, or 2x/3x/4x their quality. If not, get ready to get replaced.