WFH work from home
Companies located in very expensive locations often pay employees a premium to offset the high cost of living. As more workers take advantage of remote work, these companies are starting to rethink their pay strategies. Google recently announced that they will cut the pay of employees who work remotely if their remote location has a significantly lower cost of living than their more costly office locations. Google is not alone: Facebook, Twitter and LinkedIn have announced similar policies and it may not be long before tech companies in Ireland consider similar arrangements. A business case can be made for such arrangements. Why should Google pay a premium to offset the costs of living in the San Francisco Bay area if employees live hundreds of miles away, where the costs of living are much more manageable? On the other hand, this policy can have several unforeseen effects. For example, suppose you work in New York City but live an hour away in the suburbs. You could face a penalty