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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.

wing-_-nuts 5 days ago | parent | next [-]

>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.

Maybe this is the way companies rid themselves of older workers who push back on things. The FIRE movement is huge in tech, and I imagine a not insignificant number of people have RTO as the last straw where they pull the ripcord. Personally, for me? There's no going back. The only way you could get me into the office on a regular basis is if you let me work on rovers at JPL or something.

For myself, I'd love nothing more if I could code part time in retirement, for the rest of my life, but I won't RTO to do it. If I have to leave development behind? So be it.

vhcr 4 days ago | parent [-]

This study found the opposite.

https://www.library.hbs.edu/working-knowledge/charting-remot...

wing-_-nuts 4 days ago | parent [-]

Could you outline the opposite findings for me?

xtracto 5 days ago | parent | prev | next [-]

You got the underlying reason for my question almost in passing:

I've been involved in hiring Software devs from US and LatAm for several years in different management positions. I wondered how feasible would be for say, a company in Mexico to compete on hiring a dev in the USA at a lower cost (normally, a Mexico dev is between 1/3 to 1/2 the price of a US one), by leveraging the value of [allowing] working Remote.

EDIT: Which actually made me think of a crazy idea: A job board called something like "Work for Less", where small companies or companies from overseas offer jobs that have compensations more focused on Quality of Living vs compensation. So for example, a job opening might have "We offer: 70% of your last salary. 3 day weekends, remote work". Or if it is say, a Mexican company, "We offer: 80% of your last salary. Comprehensive relocation help to live/work in a Mexican beach for 4 months a year. Medical Tourism coverage (don't know what this is called, but basically, help in say, taking people to high quality medical places)".

Maybe it is a stupid idea, but at the end of the day, Remote Work is one of several "Levers" for Quality of Life, and although historically the US has focused on monetary compensation, maybe newer generations value other aspects more.

navane 4 days ago | parent | next [-]

Workless

intended 4 days ago | parent | prev [-]

Will work.

3eb7988a1663 5 days ago | parent | prev [-]

There is also the unknown future. How stable is this remote-pay-discount bargain opportunity? If the company goes bust and you need to RTO, you need to live in a market with employment options.

4 days ago | parent [-]
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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

sokoloff 4 days ago | parent [-]

> I can honestly say there is no amount of money that would convince me to go to an office.

I enjoy remote work quite a bit (after thinking I'd hate it).

There is absolutely an amount of money that would convince me to take an in-office job though...

JustExAWS 4 days ago | parent [-]

More money would do absolutely nothing for me if I had to exchange it for remote work except make my life worse in every way.

I couldn’t spend the time with my 81 and 83 year old parents, I wouldn’t have nearly the amount of time with wife, I couldn’t spend months away from home.

sokoloff 4 days ago | parent [-]

There might be no amount of money that someone is likely to pay you, but I bet there's an amount of money that you would do it for.

JustExAWS 4 days ago | parent | next [-]

Short version: At 51, the value of my time is too important. My wife and I are gym rats, very healthy and I am not willing to trade this time in my life for more money. My health is not going to be better in 5 years statistically. Not that we have any debilitating illness, but no one beats aging.

The tradeoffs would be too great. I’m my parents only child. While they are as healthy as an 83 and 81 year old can be, time catches up with all of us. I’ve enjoyed the past 5 years (Covid times excepted) being able to see them and spend a couple of weeks with them multiple of times a year.

When the time comes that I do need to pack a bag and see about them for an extended period of time, my wife and I can do that. There is no amount of money that I would trade for that.

It’s the same about travel. I wouldn’t give up our travel now and put it off any longer than we already have because of financial and family obligations (raising my two step sons).

What would more money do for me right now? Allow me to travel more? Allow me to get a bigger house even though we already had the big house in the burbs and sold it for twice what we had it built for and downsized to a 1250 square foot condo in a vacation community in Florida where everyone ride uses their home as vacation home.

Nicer cars? We sold both of our cars when we traveled for a year and bought the cheapest new car that we could stand when we settled down.

A better retirement? By the time I retire, we will have traveled to every place we could possibly want to go and plan to go back and forth between our current home and spend extended periods of time in other cities both domestically and internationally. We are experimenting with that now. But in US time zones.

4 days ago | parent | prev [-]
[deleted]
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.

c12 4 days ago | parent [-]

You make a great point. I would enjoy going back to the office if it involved a 15 minute bike ride.

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.

wiseowise 4 days ago | parent [-]

Good strategy. Get bigger salary AND the perk. Keep slaying, king.

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.