The company started hiring a distributed workforce a while ago to tap experts in fields like machine learning, Mathew said. About half of his 50 employees are based in the Bay Area the other half are already remote. George Mathew, CEO of drone analytics company Kespry, plans to make his company all-remote or mostly remote when the lease runs out on the company’s Menlo Park office. Now for less?” Think3 chief marketing officer Adam Singer wrote on Twitter.
THINK3 CEO SOFTWARE
Some remote-work advocates say paying based on location, when modern collaboration software makes physical location all but irrelevant, is ridiculous. San Francisco, the company’s nominal headquarters, is at the top of its scale. The software company has open-sourced its formula, including a “location factor,” so other companies can copy its pay system. GitLab, one of the foremost examples of an all-remote company, sets salaries based on location and cuts or raises pay if an employee permanently moves. There are two warring philosophies: One of them is that wages should be based on the actual location of the employee and the other is that the location should not matter. This debate raged in the world of remote work for some time. If - as Zuckerberg said - you believe work can be liberated from the confines of a physical office, why does it matter where the employee lives? It seems absurd: They’re the same employees, doing the same job. When Facebook CEO Mark Zuckerberg announced that his company would allow most of its workers to go remote, the offer had a big asterisk: Employees who moved to cheaper locales would have their pay “adjusted” (read: cut) come Jan. Now, distributing your workers seems like a smart response to the global pandemic.
Equally qualified workers could be found elsewhere, or allowed to live elsewhere, and - here’s the key thing - paid less, given the region’s sky-high cost of living.
Remote work, in the Before Time, was seen as a response to the Bay Area’s unsustainable housing prices, soaring office rents, and lengthening commutes.
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