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

Like one woman I interviewed for the story, she moved from Washington, DC.

to rural Illinois, a very small town with a lot of farmland.

And her cut was 9.5%, which some people would consider as a pretty good deal.

She was able to buy a four-bedroom house for $120,000, which would be a lot harder to do in Washington, D.C.

And then another guy I interviewed who works for a

Austin, and his cut was 10%.

So it's kind of interesting, you know, San Francisco to Austin, 10%, DC to rural Illinois, 9.5%, they took almost the same cut.

So there's a range.

I've heard of other people where cuts are less, other people where cuts are more.

And so I don't think we yet have a ton of clarity about, you know, what exactly, you know, the cuts look like, because I do think they are different with each company.

Absolutely.

I think this is a huge question for companies is how do we sort of toe this line of, you know, not paying everyone San Francisco and New York salaries while still hanging on to our top talent and kind of giving them the flexibility that employees clearly want these days.

I did a story several months ago about a handful of companies that were really just trying to make, like turn this into a competitive advantage.

So they

publicized the fact that they were not going to be adjusting pay for people who were relocating and that they were going to go with sort of these nationalized salary rates.

And more companies have started doing that since I reported that story.

So Okta is a cloud software company.

They originally were adjusting pay for people who were relocating.

And then in April, they actually reversed that policy.

And now they're no longer doing that.

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