Employees who opt to work from home could face daily pay cuts of up to 30%. Compensation packages have always been determined by location. In the spring several major corporations announced work from home staff may face a pay cut each day they are working remotely from home. Many other Fortune 500 companies are also possibly considering a 25-40% similar daily pay cut for those working from home depending on function.
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It does not apply to Honeywell yet! If they can reduce cost and force more employees back into the office every day they will do it. It does several things Management is driving and supports. It forces employees back into the office, reduces cost and punishes employees who push back or resist management directives.
This is referring to Google and has nothing to do with Honeywell.
I understand a lot of the big name tech company’s like Facebook, Twitter and Google etc. etc. are going to reduce salaries in the 20% to 30% range for employees working from home. I would gladly take a 25% cut in pay to working from home.
@xoj: Yea this post is a BS troll job that has nothing to do with Honeyhell.
@OP So, you copy paste a snippet of an article and dangle it out there to imply that the article is referring to Honeywell. Pretty much nailed it huh? That is a top shelf troll job.
Finally some good news!!
Good.
Nah. Not buying it. Silly notion.
I thought employees pay employer back 50% monthly gas if wfh or pay gov tax for driving to work daily…. Tough choices?
Great HR idea. Get people to quit and not pay severance or unemployment penalty
If this were the case, Honeywell would surely require all of us to work from home and cut salaries by 30%.
This is not applicable if you live in the same local area as the company where you work.
The articles I read about this topic is when you hired in at a company in a high cost of living area like the San Francisco Bay Area and work remotely in another distant area with a lower cost of living there may be a salary adjustment.
Most large corporations and government workers have a cost of living adjustment based on their job description base salary and where they live.
Market forces.
Honeywell will pay lowest wage possible to get the job done. They will only make changes when no other way to do the work is possible.
Any work that can be done remotely is either pointless or can be sent to lower cost labor areas. This includes software development on military projects.
Remember that we already have remote workers called contractors and vendors. We pay them twice the going rate for internal labor. Another possible remote worker strategy is to go 90% temp labor using skilled contractors. Many companies use this model.