How A Remote Work Boom Will Affect Salaries

Facebook has said it would "localize" salaries if people elect to leave



For office workers who still have jobs during the coronavirus crisis, the Great WFH experiment of 2020 seems to be angling toward a success, albeit one with caveats.

Coronavirus won’t kill the office permanently. Eventually, when risks of gathering ebb to a trickle, some people, longing to wear something other than sweatpants, will be happy to work alongside their coworkers, resuming water cooler discussions and the occasional happy hour.

But after being home on Zoom, Hangouts, Meet, FaceTime, Skype, and Slack, workers and companies alike are second-guessing the need to return.

Already, companies like Twitter (TWTR) and Square (SQ), both founded and run by Jack Dorsey, have implemented a permanent work-from-home option. Facebook (FB) founder and CEO Mark Zuckerberg said that in the next decade, 50% of the company’s workforce might be remote, and that it would “localize” salaries to wherever its employees choose to be on Jan. 1, 2021.

So far, companies have a few months of data to draw from to decide whether working from home works for their workforces.

“Remote working has worked better than we thought,” Rich Lesser, CEO of Boston Consulting Group, recently told Yahoo Finance.

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Source: Yahoo Finance

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