> Employees were also expected to "live within commuting distance" of offices.
I can't see how the must-be-in-office companies think they win this in the long term.
All the companies that want to poach from FAANG will offer remote work
I can't see how the must-be-in-office companies think they win this in the long term.
All the companies that want to poach from FAANG will offer remote work
Some people will always pick remote jobs over all else, but the high compensation of FAANG is a huge hurdle to overcome for most employees.
Companies willing to pay FAANG competitive compensation and let people work fully remote are few and far between.
Most companies that start hiring remote quickly discover that they can save on compensation by hiring from locations where people don't have FAANG as an option.
I've worked at companies that offered private offices, work from home, great health insurance, flexible schedules, catered lunch every day, and all of the usual perks. We'd still lose out on hires to companies offering a couple thousand more than we did.
Come decision time, few people are actually willing to take the lower number. People willing to compromise compensation for other benefits are out there, but they're more rare than you might think.
I've got to say though even if people are obsessed with the bottom line when it comes to picking a job, I've got to think stuff like WFH also impacts retention in some way. For me I'm physically healthier under WFH which means just my ability to keep a job skews me towards WFH jobs even before we consider preference.
I went into this thinking Netflix was wrong and that most employees valued the big picture more than total comp.
For the most part, the hiring market proved me wrong and Netflix right. :)