Social news aggregation site Reddit has promised employees that salaries won’t be adjusted down if they opt to relocate out of high-cost cities due to the coronavirus pandemic.
According to CNBC, employees working for the San Francisco-headquartered company will be paid the same as if they were living in high-cost cities – such as New York – even if they choose to move to a less expensive location in the United States.
Reddit said that they had “reimagined” their approach to compensation on its corporate website.
The firm added that this strikes the right balance of flexibility and support for its employees, adding that Reddit’s leadership recognises “the varied tradeoffs people consider when deciding where to live”, reiterating that employees will have greater flexibility over where they work – regardless if it is from an office, remotely or a hybrid of the two.
“Ultimately, we empower our leaders and their teams to make those decisions, balancing the needs of the business and employees,” Reddit announced on its blog.
While the move is a welcome one for Reddit employees, some other tech firms have taken the opposite approach.
Both Facebook and team-messaging application Slack, it was reported by Fortune, have stated that any employees relocating will have their salaries assessed based on the living cost of where they live.
“That means if you live in a location where the cost of living is dramatically lower, or the cost of labour is lower, then salaries do tend to be somewhat lower in those places,” said Facebook CEO, Mark Zuckerberg.