Podcast: The Pros and Cons of Remote Work

Location Cubed

Key Points:

• Companies are now demanding their employees to return-to-office
• Types of jobs that can be done remotely versus in-office
• Taking into account living expenses for remote employees

The debate surrounding whether workers should return to the office, convert to hybrid, or stay fully remote is an ongoing one. Many polls conclude that most employees would prefer to work from home, according to Gallup. But in that same regard, it is changing the scope and future of how employers will hire in the future.

How will employers adapt in their future hiring with the demand of remote work?

On this episode of Location Cubed, host Howard Altshuler, Partner-in-Charge, Real Estate and Construction Services, and Rob Nowak, Tax Partner, talk about remote work, how employers and employees have different expectations, and what the future of remote hiring could look like.

Nowak said traditionally, since the vast majority of jobs were on-site, it meant that the salary was based on that geographical location. But with the rise of remote work and employees living in different cities, states, and even countries from where their employer is located, that can potentially lead to another factor not considered before.

“If you’re working in the office in, let’s say New York, should you get paid the same amount if you take a remote job and you’re living in Costa Rica? At some point the employers are going to have to factor in the benefit of not having to be in a high-cost market and reflecting that in pay,” said Altshuler.

Subscribe to the Location Cubed podcast on Apple Podcasts and Spotify for the next episode of this series.

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