Some IT companies are considering new pay policies for remote workers

 The software maker has joined technology companies such as Facebook Inc. and Twitter Inc. in letting some of its office staff choose to permanently work from home in the wake of the coronavirus pandemic.

Work From Home :-

VMware Inc. employees who take up the company’s offer to become permanent remote workers will get a pay cut if they move from Silicon Valley, one of the nation’s most costly areas to live, to a less-expensive city.
The software maker has joined technology companies such as Facebook Inc. and Twitter Inc. in letting some of its office staff choose to permanently work from home in the wake of the coronavirus pandemic. But employees who worked at VMware’s Palo Alto, California, headquarters and go to Denver, for example, must accept an 18% salary reduction, people familiar with the matter said. Leaving Silicon Valley for Los Angeles or San Diego means relinquishing 8% of their annual pay, said the people, who asked not to be identified discussing internal policies.
Facebook and Twitter are among the other technology companies that have put in place or are considering similar pay policies. A Twitter spokesman said the company has a “competitive" approach to localizing compensation while Facebook has publicly said it may cut employees’ salaries depending on where they choose to move.

Facebook:-

Facebook told employees in May that the company would soon transition more permanently to remote work, even after Covid-19 subsides. Employees who leave expensive areas like San Francisco or New York will have to take a pay cut, however, depending on where they live as of Jan. 1, 2021. Chief Executive Officer Mark Zuckerberg said he expects as much 50% of Facebook’s global workforce to be remote in the next five to 10 years.

Dell:-

Dell Technologies Inc., the personal computer maker that owns 81% of VMware, has asked for volunteers to work from home as much as they would like, from one to five days a week post-pandemic, as long as they have manager approval. The Round Rock, Texas-based company said in a statement that it isn’t making any adjustments to compensation “at this point in time," and will give remote workers a one-time stipend of $400 for home-office equipment.