Yeah, I bet those who are staying near HQ will be grandfathered in. But wouldn’t be surprised if they adjust pay depending on your primary work location like a lot of remote companies do
I’m glad you made this post because I was thinking the same thing. On the one hand if companies move more towards wfh it sounds like a good idea. On the other hand, it will almost certainly reduce TC.
I’m married with dual income. So even though the Bay Area is expensive, my wife and I obviously share the expenses but we both get the Bay Area premium for salaries. So having high income in a HCOL area works out better for us than lower income low cost of living.
I know they won’t immediately drop TC but I think the next time you’re looking for a new job it will be hard to get a pay raise and most likely it will be a pay decrease if this wfh stuff catches on.
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I’m married with dual income. So even though the Bay Area is expensive, my wife and I obviously share the expenses but we both get the Bay Area premium for salaries. So having high income in a HCOL area works out better for us than lower income low cost of living.
I know they won’t immediately drop TC but I think the next time you’re looking for a new job it will be hard to get a pay raise and most likely it will be a pay decrease if this wfh stuff catches on.