▲ | xtracto 5 days ago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Just out of curiosity, how much compensation would people be willing to leave on the table in lieu of "Remote" work? (this is different to, how much would you ASK to go from remote to a new in-office job). 10%, 25%, 50%? I've worked remotely for 5 years now, and there is NO way I would return to an office based job. I even have moved to a small town where there are practically 0 tech jobs; and at this point there's NO way I would relocate for a new job. Maybe it is my age (44), or maybe I am even in a privileged position financially; but at this moment in my life I would rather quit my job if they made me return to office (even for one day a week, as it would mean having to move to wherever the office is). Fortunately I am in a position where I can go several months without a paycheck, and I have some passive income. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | Aurornis 5 days ago | parent | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This question isn't very revealing because it almost entirely depends on this one variable: > maybe I am even in a privileged position financially; but at this moment in my life I would rather quit my job Someone closer to retirement with a lot of savings and low expenses will have a completely different answer than a younger person with low savings and a family. The second variable it depends on is their current salary. Someone who currently earns a huge number can afford to give up a higher percentage than someone who earns barely enough to make ends meet. The question becomes a proxy for the person's financial situation and current salary, not their remote work preferences. This is also a question where people's claims don't match their actions. Similar to every election season when a lot of people declare they're going to move to a different country if their party loses, but the number of people who actually do it is much smaller. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | JustExAWS 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I’ll give some real world numbers. Right now I make a little over $200K. I am 51, never struck it rich in tech and make the same as former intern I mentored when I was in BigTech between 2020-2023 and when they got back. They got promoted to an L5 (mid level) earlier this year at 25. We both worked in the Professional Services department. I’ve said no to opportunities that would have paid $250K - 280K that would have required me to relocate and be in an office. I can honestly say there is no amount of money that would convince me to go to an office. See the story of the Mexican Fisherman https://bemorewithless.com/the-story-of-the-mexican-fisherma... My wife and I already travel extensively, I “retired her” at 44 years old in 2020. We have done the digital nomad thing for a year since then and we are planning to spend a couple of months in Costa Rica next year and be away from home during much of the summer. I have the freedom to spend a week with my parents and work from there and fly to another city to see my friends and adult sons. Why do I need more money? I’ve had the big house in the burbs built twice and we sold and downsized from the second one. I also have a year savings in the bank outside of retirement savings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | abtinf 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I left an on-site job for a fully remote job, taking about a 35% cut to do so. Literally every aspect of my life improved, including financially. The financial savings come from 3 things: downsizing to one car and elimination of transport costs; dramatically reduced lunch and coffee expenses; not buying a bunch of stuff to cope with the emotional toll (by far the biggest component). The savings are even more dramatic if I factor in the opportunity costs of commute time. After accounting for the two way commute time, gas station line time, and vehicle maintenance time, my effective hourly rate working in-office was probably lower than working remote. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | toomuchtodo 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Just out of curiosity, how much compensation would people be willing to leave on the table in lieu of "Remote" work? (this is different to, how much would you ASK to go from remote to a new in-office job). 10%, 25%, 50%? ~$250k, ~50% of potential day gig comp. https://news.ycombinator.com/item?id=37094928 (remote 10+ years, I'll retire before I go back to an office, I want more time and quality of life, not more money) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | vel0city 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Where's the office? The bike ride through some parks like my last? A ten minute drive in surface streets? A 20 minute rail ride away? A half hour drive on crowded highways? I'd go back to the office a bicycle ride away without issue. I like a nice office, and it's nice being able to separate the work space from the home, it's like I gained a room of my home back. I'd probably require a lot of benefits or a good bit more pay to take a job with a long highway commute. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | wpm 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I'd have to do the math on what the commute would cost me in time and financial cost. I don't own a car. I have no plans to buy one. If I "needed" one for a job, that would be brought up at the salary negotiation. Sorry, I'm not going to pay for a car I don't otherwise need and lose $15K a year for something decent. What a scam! On the time, well, it just depends on what they're going to pay me. Divide by work hours per year. Add 2 hours a day. Add that to the offer. I don't work for free. I don't travel for free. When I need to fly somewhere I get free ground transport, free meals, free flights, free hotel, but because we put "we're forcing you to travel 10 miles a day for no reason" in a little special box called "expected" we can force you to spend your own salary on it. *Scam*. It's all a big scam. They're subsidizing their bottom line with your time, your money, and your air. I worked a terrible job in high school because I could walk there. There was no point in going someplace else that paid more because I would've burned all the extra money up in gas. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | keeda 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
There have been some studies on this, turns out employees will give up quite a bit: https://www.library.hbs.edu/working-knowledge/charting-remot... https://anderson-review.ucla.edu/tech-workers-take-much-lowe... Just left a comment elsewhere (https://news.ycombinator.com/item?id=45192176), but it's likely this RTO push is partially to renegotiate to account for this perk. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | c12 4 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Based upon the recruiters messaging me, if I gave up my remote job for one that required in-office attendance I would get an immediate 30% pay bump. That would however, demand an hour and half commute each way and that would impact my ability to take my children to school and be involved with family meals. Back when I did have a hour commute each way it was costing me £2,800 a year in fuel, plus £2,220 in parking fees, plus about the same again for lunch out with colleagues. So yeah, i'd get a 30-40% pay bump, but a large percentage would be consumed by additional costs with no benefit to my performance. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | closeparen 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Enough to win the competition for the fixed number of available homes in good neighborhoods convenient to the office. Which is effectively an infinite amount, if every employer in the area is trying to throw money at the problem. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | unclad5968 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I would never take less pay to work from home. Im good with working in office or at home. Also, Im doing the same job either way, so I'm not sure why I'd be paid differently one way or the other. If anything, I'd think it's more expensive (insignificantly) for the company to give me a desk. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | thedevilslawyer 4 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
35-50% is the ballpark when I surveyed amongst friends. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | rr808 5 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This is the answer, its supply demand and there is likely going to be a different equilibrium price for each. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | brianshaler 4 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In 2008 I was given 2 offers from a company: WFH or paid relocation to work in-office. I chose the former, which came with a 26% lower salary, and have been remote ever since. Just comparing the salaries in that case is a little disingenuous, however, since the relocation was from a low cost of living city to a high cost of living city. A large impact on the extent to which WFH may need to come at a discount is specialization: If you're easily replaceable with an in-office worker, why would the company deal with remote? If you're not so easily replaceable, the company is more likely to be willing to work with you on your terms. There's generally been a large disconnect between the job market in the tech sector and the rest of the economy, at least until a few years ago. There's now much more of a bifurcation within the tech job market, where rank-and-file and entry level software engineers are suffering while experienced and specialized software engineers may be doing better than ever. This plays into the RTO/WFH discussion because some people may not have the option to get their preference at any discount, or given either option in the first place. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | mattlondon 4 days ago | parent | prev | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Personally I'd probably want a 25-50% increase to go 100% remote. I hate fully remote working. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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▲ | magic_hamster 4 days ago | parent | prev [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
> Maybe it is my age (44), or maybe I am even in a privileged position financially You think? I was so sure that anyone who can get by without working would immediately rush to upend their life and suffer the many annoyances of working in an office! /s If it wasn't obvious, a lot people don't have a choice. They can always leave, but this RTO thing is everywhere and it's not so easy working remotely nowadays. |