Thoughts?
25 replies (most recent on top)
An offer letter is not a contract.
None whatsoever.
I am doing the same work that someone in the office does. Been doing it for more than a decade. Why is that any different?
@qoo great post...
About 20%
Don’t take a pay cut to WFH unless you have a contract that they must give you an increase if you have to RTO, later. I learned that the hard way.
Over my career at WF, I take pay cuts each year with the sub inflationary raises. I’m not willing to go any lower. Nothing like downward mobility.
I will take whatever % cut in pay equal to the % cut in productivity to match (which will be 0%).
Right now payroll is 30% market. See “ M1 Money supply”
*asks Charlie from his home office... now Charlie gets back to work: swivels back around in his Herman Miller lounge chair, picks up his favorite axe (don't worry current WF employees, not that axe), and resumes practicing "Stairway to Heaven" - it's almost starting to sound discernible! He'll be ready for his Guitar Center debut in no time!*
- O.N.E. We've all proven that we can work from home and be just as productive if not more. They save money with us working from home. WHY would anyone give up their hard-earned money to be "able" to work from home?
Not a da** thing.
There should no no pay cut. Everyone at home is cheaper for Wells.
I'll consider my OOP costs for a nice desk, monitors, and chair as my "pay cut", thanks.
Absolutely ZERO!
Even though I was still full time remote, I decided to bolt from this insane place after many, many years. End result, 10% raise (tech job) and a company that refers to employees as "talent". The grass is greener. Had Wells offered to double my salary, I would have easily left (seriously). There is no number they would have realistically offered that would have made me stay.
BTW, it only took 3 weeks from the time I decided to open up my LinkedIn profile to the time I had a written offer. Then 2 weeks notice with RTO being my Independence Day even though that wasn't the reason for leaving.
Scharf and Powell, it's time we institute parental controls on social media, because you two are clearly in an endless RTO circle jerk with these posts.
Stop doing whippets and get back to work that actually HELPS employees, you corporate scavengers!
Nothing. My pay level is way below what it should be for my years of experience. Pay raises are a joke, unless you are a NYC exec.
I would have said $10k 5 years ago, but now? Nothing. Things have changed.
1% - as much as my department gave everyone for a raise.
Haven't had to, I'm still perm remote, like my whole team.
I’m one of those had a formal telecommuting agreement long before Covid. In my group, very few people received exceptions to continue working from home. Even though the local office (not a hub) is relatively close, I’ve still started my job search. I’m not co-located with anyone in my group, nor with anyone I work with, and there aren’t any people I would need/want to network with at the office. I worked in the office for about half of the time I have been at Wells Fargo, and needed to find something offsite in order to truly advance in my career. Trying to find something on-site would cut my pay by more than half.
I have bills to pay, so ideally would like a similar salary, but would probably take up to a $20,000 pay cut to remain at home. When I was at the office, I saw a lot of favoritism, and cliques, and people who spent more time gossiping and wandering the halls, than actually working. It’s not an environment I want to return to.
None. And I took no pay cut when I started working remote full time.
They hired me to do a job, no part of which required a physical presence in an office. I do that job and they pay me. Simple as that. It shouldn’t matter where your a$$ is as long as the work gets done.
I'll play the game. I'm assuming a "This or that, you have to choose one" option. I have a real and tangible cost of $5400, +/- $200, annually, associated with my commute when considering gas plus snacks and incidentals. (If I figure it by the national mileage rate for 2022, which is 58.5 cents now... that overall total jumps to $9300 instead.)
Then there's the 20+ 24-hour days that I'll spend in my car... but since these are all waking hours, AND I also now have to wake up 2hrs earlier to get ready and make the commute in time... it's more like 75 "useable days" in daylight hours. What is that worth to you? Hard to put a price on, when it's just 'something you do' but when it's 'something you have NOT been doing' instead... that seems like an awful lot to give up.
I figured everything on 46 weeks of 5 days each. (4weeks PTO plus another 10 in holidays)
I can tell you I would EASILY make the decision to stay home for $20,000 less than I would make driving into the office. I would not even come close to hesitating.
That being said... since I'm already remote... that's how much they'd have to pay me to start driving into the office on the regular. Thanks for helping me attach a number to it :D
@dos+1fTDCXG6 I didn't notice the 401k maintenance fee went up.
We already got our pay cut.
No 401k match until end of year.
Means we’re missing out on a lot of gains from our company match.
Don’t get me started in the 401k maintenance fee we now have to also pay.
Good question