Tech Workers Are Moving, Willing To Take Pay Cut To WFH: Report
Are tech workers willing to take a pay cut to work from home remotely? How many have already relocated? Will WFH improve diversity in the IT industry? A new report from Indeed surveying more than 600 IT professional sheds a light on these questions and many more.
60% Willing To Take Pay Cut
Out of the 616 U.S. employees who were surveyed, six out of ten tech workers said they were willing to take a pay cut in order to continue working from home.
Several technology giants have already implemented some form of worker pay cuts if the employee decides to work remotely permanently.
For example, VMware employees who choose to become permanent remote workers are receiving a pay cut depending on where they relocate. VMware employees who decided to leave Silicon Valley, one of the most expensive places in the world to live, must accept salary reductions. However, some VMware employees will see pay raises if they choose to move to a larger or more expensive city. VMware said its dedicated to equitable pay based on several factors including location and geography.
Similarly, social media giant Facebook in May said it would allow employees to work from home on a permanent basis, but their pay would be adjusted based on where they choose to live.