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Silicon Valley workers who choose to take advantage of remote work policies and migrate to other cities during a coronavirus epidemic may face a pay cut to account for their new life expenses.
VMware Inc., a software payment software based in Palo Alto, California. Has begun allowing some of its employees to be transferred to permanent remote work. Bloomberg reports that citing sources familiar with the matter, workers who are migrating from Silicon Valley to live in one of the country’s most expensive destinations.
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In one example, a VMware worker who travels from Palo Alto to Denver will receive an 18% reduction in his salary, the report said. VMware declined to comment on whether Bloomberg’s figures on possible pay adjustments were accurate, saying the company’s current policy is to create a relaxed environment for its employees.
“Through our Future of Work initiative, VMware is building the dynamic, global workforce of the future where our people have the choice and flexibility to work from any location that accelerates their productivity to deliver the most innovative solutions for our customers.” A statement on Friday. “Our program is designed to empower employees by changing information to help them decide if they want to relocate. VMware is dedicated to equal pay for its workforce, not only by race and gender, but also by workplace or geography. ”
The epidemic made it difficult for employees to work safely in traditional office fee locations, after which many U.S. companies from various industries moved to remote work. Since there is no clear timeline for returning to pre-epidemic work conditions, some companies are allowing workers to work remotely on a permanent basis.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| FB | Facebook INC. | 266.61 | -1.48 | -0.55% |
| TWTR | Twitter INC. | 38.93 | -0.02 | -0.05% |
| VMW | VMware | 142.01 | +2.19 | + 1.57% |
Salary adjustment is a common practice when workers move from one city to another. Two other Silicon Valley-based tech companies, Facebook and Twitter, have similar policies.
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Representatives from both companies said the policies have been in place for years and there was no reaction from employees who migrated during the epidemic.
A Facebook representative said in a statement that we have always used a ‘market-based’ approach to compensation, which means that we pay in line with common market practices wherever we operate. “It simply came to our notice then. It applies to all workers, including remote workers. “
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A Twitter representative said pay adjustments to relocate workers were “not a new policy.” The company has offered a number of benefits to support workers during an epidemic, including the rest of the company’s day-to-day rest, the provision of home office fees from work, and a $ 1,000 allowance to purchase employee wellness programs.
“We have always had a competitive approach to paying for localization and are proud of the many ways we are supporting our employees during this challenging time,” the spokesperson said.
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