If you work in big tech and have relocated away from your home office to a smaller city, you may soon see your paycheck cut but up to 25%. Google has rolled out a new internal calculator to explain potential pay cuts to employees who choose to work remotely — and the early results suggests it will penalize its suburban staffers.
Screenshots obtained by Reuters show that Google employees who previously commuted an hour to Google’s Manhattan offices from nearby Stamford, Conn., for example, would see their salaries slashed by 15 percent if they choose to continue working from home… a worker who left San Francisco for Lake Tahoe would have their pay cut by 25%.
“Our compensation packages have always been determined by location, and we always pay at the top of the local market based on where an employee works from,” a Google spokesperson said, adding that pay will differ from city to city and state to state.
As a Laurian investor, you’ll co-own residences in 5 top tech cities- Austin, Los Angeles, Miami, New York and San Francisco- any one of which you could use as your remote office and list as a local address to retain full pay. Just another way that Laurian Club is travel that pays you back.
Read the story at: Forbes