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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Appearances
WSJ Your Money Briefing · Should Remote Workers Be Paid Based on Their Location? · 14 Sep 2021
podcast
And the company explained that they view it as a way to retain and attract talent.
A couple companies did.
They might have offered, I think there were some companies that did $20,000 one-time bonuses, but your salary would be reduced.
So early in the pandemic, people were grateful for flexibility.
It was like, wow, my company is going to let me go do my job from the town I grew up in.
I can be near my family again.
I don't
have to live in San Francisco anymore.
So I feel like early in the pandemic, there was this sort of feeling of, you know, just being grateful for the flexibility and thinking, all right, like I'll get the one-time bonus and then, you know, my pay will be reduced.
But when you think about a one-time bonus, you got to remember that you get that check once, but your pay is now, you know,
Every year, your pay is lower than it would have been if you stayed in San Francisco.
The guy I mentioned earlier who moved from San Francisco to Austin, he's like, I'm not actually saving that much money living in Austin.
He put three offers in on three different houses that were 20% over ask, and he didn't get any of the houses.
It's an extremely competitive market.
He doesn't feel like it's that much cheaper to go out to dinner or do any number of other things in Austin.
He's gotten more space for his money, but this hasn't been this...
huge cost saving move.
So for him, he's going to he's planning to try to get a raise before his pay cut takes effect to offset it.
So I think you're going to see more of that of this sort of all right, if I'm going to take the pay cut, I need to get promoted before that happens and kind of employees trying to come up with sort of clever ways to avoid these cuts.
It's difficult to say right now, but there are like a couple of, I don't know, I've heard people sort of speculate about which way things could go.
Showing 161–180 of 187 · page 9 of 10
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