Peter Cappelli

speaker

115 appearances 2 recordings 1 series first heard Mar 2021 last heard Jul 2021

Peter Cappelli’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Should Your Pay Be Based on Where You Work? · 7 Jul 2021 podcast

But it would be amusing to see what happens if you did.

If you decided to move to Aspen, for example, what are they going to do?

Are they going to give you the same pay?

But if you decide to move to your family in Stockton, they're going to cut your pay?

I mean, it's just bizarre.

Well, it gets harder to recruit people remotely, you know, if you're living someplace else and they're going to pay you less than they would be paying the people at their headquarters, for example.

That's kind of irritating.

I think the other thing is that they would probably find pretty quickly.

I mean, some of the companies that the figure I heard, Susan, was about 15 percent is the

discount they're expecting to get from people if you move on average.

If they tried to pay you 15% and you relocated, I think you might find pretty quickly that some other company will pay you to work remotely something more than that, and then they'll just find that this just doesn't work, and they'll just be kind of embarrassing for them.

You know, I think it's a big, big challenge for an organization to try to have one set of employees who are remote and another set who are on location, on site.

And, you know, it's actually been studied fairly often in the telecommuting age before the pandemic.

So from late 1990s or so, we looked at this a lot in the research world.

And the results are frankly all bad for the remote workers.

You know, the people in the office know what's going on.

They get better access to the leaders.

They maybe have more access to office perks, of course, and other sorts of things.

And the evidence shows they get promoted faster, they get ahead more, and none of that's particularly surprising.

But I think the other problem is if you are the manager on site and you're trying to supervise one group of employees who you see every day and they're right there, and another group that you never see or rarely ever see,

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