VMware, Twitter Cut Pay for Remote Workers

The video discusses how companies like VM Ware adjust employee salaries based on regional cost of labor when employees relocate, especially during the COVID-19 pandemic. It highlights the potential salary reductions for moving from Silicon Valley to other regions and the possibility of pay increases when moving to more expensive areas. The video also explores company perspectives on remote work and how they use compensation adjustments as a tool for employee retention.

What is the salary reduction percentage for someone moving from the Bay Area to Denver?

• 10%

• 25%

• 18%

• 5%

What is the primary factor VM Ware uses to adjust compensation for employees moving to different regions?

• Cost of living

• Cost of labor

• Employee performance

• Company profits

What is one possible reason companies might adjust salaries for remote workers?

• To encourage more remote work

• To reduce employee workload

• To discourage remote work

• To increase company profits

How are companies using compensation adjustments as a strategy during the COVID-19 pandemic?

• To expand business operations

• To reduce company expenses

• To boost employee retention

• To increase employee workload

What approach is VM Ware taking to help employees understand the impact of relocation on their compensation?

• Increasing salaries for all employees

• Being unusually transparent with employees

• Offering free financial advice

• Providing relocation bonuses