Want to bring your remote workers back into the office?
Consider paying them to move closer to their cubicle.
It worked for venture capitalist and billionaire Peter Thiel, who paid his employees an extra $1,000 a month for living nearby. Thiel himself lives 400 yards away.
“Thiel gave workers the bonus so ‘they were more likely to stay late’ and could be around for ‘a surprise meeting on the weekends,’” according to this MSN article quoting Michael Gibson, who worked with Thiel for five years. “Employees were granted an extra $1,000 per month in rent if they lived within a half-mile radius of the office. It had the added effect that we would all show up to the same watering holes after work to knock off a few drinks and gossip, tell war stories, argue over the jukebox, and have a few laughs. As far as employee benefits go, I always thought this was a wise one.”
Another example: Meta paid workers $10,000 or more if they live within 10 miles of its Menlo Park, Silicon Valley headquarters, and offered a one-time $15,000 housing payment.
Other businesses prefer the stick to the carrot.
Almost 13 percent of US workers are fully remote, while 28 percent have a hybrid work-home schedule, according to WalletHub.
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Top 10 States for Working Remotely
“Exactly how easy it is to work remotely may depend on where you live,” says WalletHub. “In order to find out the states that provide the best conditions for working from home, WalletHub compared the 50 states and the District of Columbia across 12 key metrics. Our data set ranges from the share of workers working from home to internet cost and cybersecurity. We also considered factors like how large and how crowded homes are in the state.”
Here are the 15 best remote-work states, per WalletHub:
- New Jersey
- District of Columbia
- New Hampshire
- Rhode Island
- North Carolina
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