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OneDigital Compensation Analyst Discusses Twitter, Facebook and Slack Shifting to a Remote Workforce

According to Gallup’s latest survey results, over 60% of American workers are currently working remotely. Further, companies like Twitter, Facebook and Slack have announced they will allow employees to work from home permanently.

As states around the country reopen, businesses are grappling with how or when to kick-start their compensation planning processes. Director of Compensation Stacy Strauser at OneDigital Mid-Atlantic talks with Employee Benefit News about how employers can approach the complexities of transitioning to a remote workforce in the recent article, “How a Remote Workforce Will Change Your Compensation Strategy.”

Organizations should look not only at their compensation and total reward strategies, but their human resources strategy. There are lots of benefits as well as drawbacks [from a remote-centric workplace], for both employers and employees.
 
Employers must also consider their total rewards packages and what they plan to keep or adjust in their transition to a remote work model. Things like commuting costs or other voluntary benefits that may have been necessary before the transition might prove unnecessary to a remote workforce.
 
When you're giving your employees a scenario of moving from an office location to a remote location, [remember] that not only do they have a base salary or incentives, but they also have other benefits. You can eliminate certain allowances that are no longer beneficial to them, like a parking allowance. It's not just a salary. We are talking about a package.
 
Stacy Strauser, Director of Compensation, OneDigital Mid-Atlantic

Read the entire article here.

For many, COVID forced the implementation of immediate cost-cutting measures impacting employees, including layoffs and furloughs, salary reductions and the freezing of planned compensation actions such as salary increases and incentive award payouts. Learn more about how organizations are managing by checking out this recent article: Compensation Planning in a Crisis.

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