Viewing a single comment thread. View all comments

Dismal_Clothes5384 OP t1_jcyo66g wrote

My hypothesis is that for companies who are not fully remote, fully remote workers, workers who are still not complying with hybrid work policies, and those that moved to LCOL/MCOL satellite offices (I.e. away from major tech hubs and main offices) will be disproportionately impacted. I’m curious if any data exists yet to support this.

Employees had all of the bargaining chips the last couple of years leading to unsustainable increases in TC and worker friendly policies (e.g. WFH. I’m assuming as the power shifts back to employers, we’ll see shifts the other way quickly.

1

Acceptable_Repeat908 t1_jcyt3ob wrote

I think you're going to see a lot of FAANG types end up in lcol areas working remote for Non-FAANG, Non-tech.

Non-Tech/Non-FAANG can't otherwise "afford" the expertise they may need and remote work is one of the only incentives they can offer for high skilled mid level and senior employees.

2

Dismal_Clothes5384 OP t1_jcyufx5 wrote

Interesting. Definitely a possibility that if they can’t offer similar TCs they’ll make up for it in other ways.

1

Acceptable_Repeat908 t1_jcyva57 wrote

Greatly reduced stress while still having healthcare and 401ks and HSAs, far less money, but working remote and in a position in the company where it is assumed you will be offering technical expertise and work but also leadership and management.

It's also a good way for tech folks to move into management if they have the desire and interest and social capability.

Similar stuff happened in 08, and in 2000. (I'm old, I was there)

1

DoesntWantToBe t1_jcyvzry wrote

That's hiring 101. You offer benefits to make up for lack of high pay. Remote work, "unlimited" PTO, generous maternity/paternity leave. Really whatever you have to offer. Not knowing that strongly suggests a lack of experience in corporate hiring and business processes, raising questions about how you came to your hypothesis in the first place. Is this maybe more of a shower thought than a genuine expectation of data?

I've been remote since 2011. It's always been the case that non-SV/Big tech companies offer generous benefits to tempt people away from the more competitive, higher stress, higher demand jobs.

1

Acceptable_Repeat908 t1_jcz0oso wrote

I get the impression he's younger FAANG that moved out or looked to move out of the bay area and is now worried.

1