Compensation & Remote Work vs Compensation & In Office Work

What we talked about on this episode:  This episode was inspired by a TT video I saw where someone shared their remote compensation, hybrid comp, and in-office comp expectations. It was said they ask for $20k more for in-office jobs and the person dueting it seemed shocked.  My response was good for them BUT that’s it?  Let’s talk about it.  Should you have different compensation expectations for a remote job vs a job you would be required to go into the office?  For simple math. Let’s say your hourly rate is $40/hour.  Your commute:  1 hour per day, 30 minutes each way. $40 x 5 x 50 weeks per year  = $10,000 15 miles each way, so that’s 30 miles per day round trip.  30 x 5 x 50 = 7500 miles you’re putting on your car each year.  The federal mileage rate right now is $.67/mile and at 7,500 miles we are looking at:  $5,025 Time and mileage just for your commute is now at:  $15,025 per year Food:  Buy lunch 2x a week and bring lunch 3x a week $10, which is conservative for a meal these days  $10 x 2 per week x 50 weeks per year =1,000 extra on food  Between commute and food, we are now at $16,025  Clothes:  Unless you can wear the same shit you can at home, in the office, you have to account for additional clothing expenses. Let’s say $2,000 a year on the lowest end. Now we are at $18,025 just in expenses for commute, food, and clothing. We haven’t factored anything in for the inconvenience. These are simply expenses.  Truly, do the math. What makes sense?  Hybrid = I’d do 75% of whatever the in-office number you come to is.  If companies are hell-bent on getting people back into the office, awesome, compensate accordingly.  Thank you for taking the time to listen, watch, and be here! I appreciate you!  Socials:  Link In Bio https://lnk.bio/stephdennis TikTok https://www.tiktok.com/@stephdennis13 YouTube - Marketing Talk @marketingtalkpodcast https://www.youtube.com/channel/UCQy3_ODKAXbnO1zkzScTVfA YouTube - Career Talk @careertalkpodcast https://www.youtube.com/channel/UCA-7EoX4wy2xt6BmfN-ZKEg Instagram https://instagram.com/careertalkpodcast LinkedIn https://www.linkedin.com/in/stephaniedennis/ Facebook https://www.facebook.com/careertalklearngrowthrive Have a great rest of your day! 

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