Leaving These 5 cities in the US might result in the largest pay cuts. 20 million Americans expected to relocate. Hotels offer an alternative to home office. The reverse brain drain is also happening in the UK, and Gig-economy companies see California win as national model. These are the trending stories in the world of work.
#1. Leaving these 5 cities in the US could result in the largest pay cuts
Companies such as Facebook, Microsoft and Stripe have given employees permission to work from home permanently, prompting some to consider moving to cities with lower costs of living. To see how much of a decrease in pay workers who move could experience over time, Glassdoor developed a calculator that looks at salary reports for 25 of the most common job titles on the site today and analyses what could happen to income if they leave one of the top metro areas in the US
These are the cities with the highest potential pay cuts and average estimated drop, on average, across job titles. Click here to read the full article.
- San Jose: -24.6%
- San Francisco: -21.7%
- New York: -9.8%
- Seattle: -9.7%
- Los Angeles: -8.7%
#2. Come for the Desk, Stay for the Pool
Hit by coronavirus some hotels are offering an alternative to home office with daytime rates.
As the coronavirus pandemic relentlessly affects the travel industry, major hotel operators such as Marriott International Inc., Hilton Worldwide Holdings Inc. and Hyatt Hotels Corp. have started offering personal-office solutions.
Hotel rooms offer a change of scenery, a quiet setting and regularly sanitized spaces for those who have grown tired of the isolation of working from home, or simply don’t have the appropriate space at home. Some hotels also offer additional treats like breakfast and lunch room service, cocktail hour, and access to the gym. Read the article on the Wall Street Journal here.
#3. Uber, gig economy companies see California win as national model
Voters in California backed a ballot proposal by Uber and its allies that could keep app-based food delivery and ride-hail drivers’ status as independent contractors, not employees, according to a projection by data provider Edison Research, although the results are still incomplete and must be certified.
The ballot measure, known as Proposition 22, carves an exception for ride and delivery companies in a controversial state labor law and offers gig workers some healthcare, minimum pay and other benefits. The state had said gig workers would have to be treated as employees under the law.
But the delivery and ride app companies argued that California’s law didn’t apply to them because they are technology platforms, not hiring entities. They defend their proposal as a way of ensuring flexibility for a new generation of workers who want to choose how and when they work. Opponents see it as an effort to avoid employee-related costs. Read the full Reuters article
4. Talent Migration COVID-19 driving change to rural parts of UK.
Over half (52%) of UK workers think we will see a “reverse brain drain” of talent away from big cities like London and Manchester towards regional areas as a result of COVID-19, according to latest research from the Adecco Group UK and Ireland.
Although UK cities would look to reinvent themselves, Alex Fleming, Country Head and President of the Adecco Group UK, is convinced that city centres will undoubtedly remain popular and a “pull for top talent” because “we will always need places where companies and people come together to do business.” , “To ensure they retain and attract top talent, companies need to adapt their office environments, regardless of where they are based, to reflect the new age of hybrid working. This means creating offices that are compelling places for employees to collaborate with colleagues and clients, and a hub for establishing and maintaining a strong company culture.” Read the full article on the Adecco Group UK and Ireland website
#5. More Than 20 Million Americans to Relocate Amid Rise in Telework
As many as 23 million Americans plan to relocate to a new city as working from home becomes more popular, according to a new survey from online freelance company Upwork Inc, which polled 20,000 people.
More than 52% of Americans are looking to buy a new home that costs 10% less than their current one, which also stands to benefit from the rise in telework, according to Upwork. Read the full story on Bloomberg
Subscribe here to receive your monthly FutuHRe Insight newsletter.