I work at a FANG company. And I would gladly take a significant pay cut and work at a less prestigious company, if they offered permanent WFH. I'm only in my 30s, but the grind of sitting in an office from 9-5 everyday, feels positively revolting.
Before the pandemic started, I was counting down the days to my retirement. But now, I'm actually enjoying my work a lot more. And during my 20s, I would have been absolutely ecstatic to be able to travel the world, while still working a full-time job.
To any non-FANG company: take note. You don't have the same level of prestige, and you certainly don't offer the same level of compensation. So how do you stand out in the job market, and attract the best candidates? Giving people the option to work remotely, is your best bet of ever competing with the FANGs.
There are lots of places that are full remote that will pay you less. Why not do it? I have been working from home for almost 2 years now and I will never go back (Didn't have to take a pay cut either, actually a raise).
Golden handcuffs. People in their 30s at FANG make 250-500k per year. I'd be willing to take a ~30% pay cut and work remotely. But every remote-working opportunity I came across while job hunting, required a 50-70% pay cut.
Before the pandemic started, I was counting down the days to my retirement. But now, I'm actually enjoying my work a lot more. And during my 20s, I would have been absolutely ecstatic to be able to travel the world, while still working a full-time job.
To any non-FANG company: take note. You don't have the same level of prestige, and you certainly don't offer the same level of compensation. So how do you stand out in the job market, and attract the best candidates? Giving people the option to work remotely, is your best bet of ever competing with the FANGs.