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Twitter Will Allow Employees to Work at Home Forever

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Re: Twitter Will Allow Employees to Work at Home Forever

#761

Post by echevil »

smsm42 wrote: post #647
seanmcdirmid wrote: post #629

Earlier quoted context omitted.

That assumes they restrict remote work to America for work that was done previously in the states. If this picks up, and there are no legal restrictions on what country a remote employee must be in, then the low end might just go much lower than what it currently is in small cities.

> there are no legal restrictions on what country a remote employee must be in Working remotely from another country is easy. Paying somebody in another country is not easy at all. Even with specialized providers it is a substantial hassle. Without it you pretty much better give up - the chances you get all the payments, taxes and paperwork right is minimal, and that country's tax/regulatory authorities would be more…

It should still be strictly easier than opening up a branch in another country, which large tech companies are already doing a lot. When the gate of remote working opens, you no longer need to fix a head count with a particular location, and that opens up tons of possibilities.

Re: Twitter Will Allow Employees to Work at Home Forever

#762

Post by taurath »

SiVal wrote: post #760
sizzle wrote: post #710

Earlier quoted context omitted.

What's stopping someone from moving to SF for higher comp on hiring, then getting a P.O. box or friend's mailing address in SF and moving back to work from lower cost area after some time? Is your employer really going to decrease your salary after the fact? Can you file taxes in your lower cost of living state after you lock in your high SF comp package and never notify your employer but still pay your taxes in the…

If your employer thinks you're in California, they'll tell the California tax authorities that you are. CA will use that as evidence that you owe them a big chunk of your income. If you don't pay, you'll have to fight. To win, you'll probably have to prove that you misled your employer, which will probably result in your getting fired for it. If you lose, CA can force your employer to take the tax out of your salary,…

I think it’s gonna get really weird. If a company pays the same in seattle as SF (or near), and A person lives in SF, I’d rather pay a friend in WA state a few hundred a month to “rent a room” than 10% of my income to California.

That said there’s probably a bunch of laws around faking residency for tax purposes which id imagine has some hefty consequences.

Re: Twitter Will Allow Employees to Work at Home Forever

#763

Post by echevil »

_nckn wrote: post #620

I think this is the hugest news yet. It suddenly opens the pool of candidates to all across the country. I expect other tech giants will follow suit. Those who previously can't afford or don't want to live in big cities like NYC/Seattle/SF because they are older, have families, or various other reasons now are included in the candidate pool. This can go two ways: either the local software business will have to compet…

Why not all across the world? At least those that can communicate in the same language

Re: Twitter Will Allow Employees to Work at Home Forever

#764

Post by njharman »

bachmeier wrote: post #697
product50 wrote: post #676

Earlier quoted context omitted.

You are wrong that FAANG companies will pay the same salary as you make in SF if you are in a low cost state like Indiana. I have a friend at one of those companies and they were running a survey to gauge employee's keenness for permanent wfh - and they were very clear that employee's salary will be adjusted based on which city they are based in. So, while this is still healthy, since FAANG pays pretty well, but don'…

Just want to point out that there's no rational basis for this argument unless the employee in SF is much more productive. To put it another way, do you currently see pay adjustments based on housing costs for employees living in SF? Have you ever heard of differences across employees simply because one of them has a more expensive house?

Yes. All the time. Its standard practice to pay more at high cost of living areas. I've not worked at a company with offices in different cost of living areas that did not do this.

Re: Twitter Will Allow Employees to Work at Home Forever

#765

Post by Podwicker »

_nckn wrote: post #620

I think this is the hugest news yet. It suddenly opens the pool of candidates to all across the country. I expect other tech giants will follow suit. Those who previously can't afford or don't want to live in big cities like NYC/Seattle/SF because they are older, have families, or various other reasons now are included in the candidate pool. This can go two ways: either the local software business will have to compet…

"Those who previously can't afford or don't want to live in big cities like NYC/Seattle/SF because they are older, have families, or various other reasons now are included in the candidate pool."

Yeah this exactly. Yet another giant step towards a borderless world. Next up is a passport granting universal access to live and work anywhere and a decentralised currency.

Re: Twitter Will Allow Employees to Work at Home Forever

#766

Post by barry-cotter »

twblalock wrote: post #758
_nckn wrote: post #620

I think this is the hugest news yet. It suddenly opens the pool of candidates to all across the country. I expect other tech giants will follow suit. Those who previously can't afford or don't want to live in big cities like NYC/Seattle/SF because they are older, have families, or various other reasons now are included in the candidate pool. This can go two ways: either the local software business will have to compet…

FAANG companies have already been trying to hire in US cities outside of Silicon Valley and Seattle in order to cut costs. Austin in particular comes to mind. It turns out to be fairly difficult to recruit engineering talent in the United States outside of major metropolitan areas. It also turns out that when tech companies start to hire people in a new city, the cost of living in that city rises substantially -- aga…

> It also turns out that when tech companies start to hire people in a new city, the cost of living in that city rises substantially -- again, Austin in particular comes to mind.

That is inevitable if more housing is not built. If demand rises and supply doesn’t, or rises slower than demand rents and house prices rise. Or you could be like Tokyo with population growing 50% over the last twenty years and flat housing costs.

Re: Twitter Will Allow Employees to Work at Home Forever

#767

Post by matchagaucho »

CyanLite4 wrote: post #706
matchagaucho wrote: post #687

Earlier quoted context omitted.

The FAANGs are not likely to pay HCOL compensation to LCOL employees. The employee's local cost-of-living will factor into the comp.

At the end of the day there’s a pay band in HR and while COL may be 3x in SF than Oklahoma, but either it’s 600k in San Fran or 250k in Oklahoma, which is nearing physician’s pay in many smaller states. Pay will go up in smaller states and pay will come down in SF/SV areas. People in LCOL areas will make top end salaries in their respective geographic areas and will see the best quality of life improvement. $250k in…

And of course all of this assumes a traditional W2 employment agreement.

If the person in Oklahoma pays $1k per month for a 3,000 sq ft home with a 1Gbps fiber connection.... why work full-time at all, or exclusively for one employer?

Re: Twitter Will Allow Employees to Work at Home Forever

#769

Post by ojbyrne »

shibeouya wrote: post #705

I work in FAANG and I am really not convinced this is the start of a trend. First Twitter was already moving towards permanent WFH before the pandemic, it only accelerated their plans. I highly doubt (m)any other companies were also seriously considering that move before the pandemic. Second, working in a remote only team is very different from working in an office, or even from occasionally working from home. I have…

They can just change the policy back at anytime.

Re: Twitter Will Allow Employees to Work at Home Forever

#770

Post by jameslevy »

lumost wrote: post #730
product50 wrote: post #676

Earlier quoted context omitted.

You are wrong that FAANG companies will pay the same salary as you make in SF if you are in a low cost state like Indiana. I have a friend at one of those companies and they were running a survey to gauge employee's keenness for permanent wfh - and they were very clear that employee's salary will be adjusted based on which city they are based in. So, while this is still healthy, since FAANG pays pretty well, but don'…

Most FAANG have a high cost of living band and a regular band. The high cost of living band pays 15-30% extra for living in the Bay Area/NYC. Everywhere else pays the same whether it's Boston, Detroit, or the middle of the desert.

The Bay Area can mean Pacific Heights, or Concord. Probably half or 2/3 the cost of living in the latter.
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