Katie Bindley

speaker

187 appearances 3 recordings 1 series first heard Sep 2021 last heard Jan 2022

Katie Bindley’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Should Remote Workers Be Paid Based on Their Location? · 14 Sep 2021 podcast

you know, many more aspects of their day than it used to.

One guy gave an example of he used to commute and now people know he's not commuting.

So they'll put meetings on his calendar for 8 a.m.

And that didn't used to happen.

So the workday has been extended certainly for many people, but in both directions, you know, early mornings, late nights.

And the case that some of the workers have made is just that I am equally productive at home.

And in some cases, I'm actually doing more work than I did when I was in the office.

So then

how does it make sense to reduce my pay if my output has actually increased during the pandemic?

On top of that, some people have talked about their individual expenses working from home versus what they used to get from campus perks.

So one woman I chatted with said, she used to get her dry cleaning done at the Facebook office and eat a lot of free food there.

And now she's not using those benefits anymore.

So her thought is I'm saving the company money

I mean, from what I've heard, it seems to be largely driven by the location.

So they might do them in bands where like, if you're moving to these handful of cities, you can expect, you know, I'm just throwing out numbers that not that companies have specifically used these ones, but just as like a hypothetical, it might be, you know, if you're moving to,

la or somewhere else with a similar cost of labor you'll get maybe an eight percent reduction or something if you're moving to maybe like a raleigh maybe it would be a slightly larger reduction so you know the cost of labor in those markets still is influencing it one thing i have

tended to hear from people is that some of the companies that are based in New York and San Francisco who are now recruiting from like areas with lower costs of living and lower costs of labor, what I've heard is that they're, I've heard this from like CEOs based in those cities that the

Coastal companies are offering sort of somewhere in between the local market rate and a coastal salary.

So they're able to poach employees this way by this sort of sweet spot of we'll pay you more than what a local company would, but less than what you would make if you lived in San Francisco.

So in some cases, the cuts, they're not necessarily huge.

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