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The Covid-19 pandemic is transforming how and where people work. Although it’s hard to pin down long-term trends, many are considering moving away from expensive cities. This migration has created an impact on real estate markets across the world and left companies trying to figure out if having their employees set up in more affordable locations will translate into savings from their payroll expenses.
On one hand, we have social media companies like Facebook and Twitter promising to cut the pay for employees who choose to relocate from the HQ location. On the other, companies like Reddit have taken a decisive stance guaranteeing the salaries of its over 600 U.S employees regardless of where they chose to live in the country.
To adjust pay, or not to adjust pay? We sat down with 12 experts in their respective industries to learn just what their experience has been on the subject at hand at Pangea.ai.