It was reported this week that Twitter CEO Jack Dorsey told employees they could work from home "forever". For anyone seeking a remote job, this is incredible news. Here's why...
It was widely reported here
that Twitter CEO Jack Dorsey this week told employees they could work from home forever if they wanted to. This is a logical progression, as Jack Dorsey announced earlier in the year
that the company would be moving in this direction anyway. It seems COVID-19 has pressed fast forward on those plans.
Why is this significant?
Twitter is one of the big tech companies in Silicon Valley - the epicentre of technical innovation on the planet. If you want to make it in tech at one of the big companies, you have to move there.
Twitter, like the other big tech companies, started and grew up as an office based company. Everyone commuting into the office, working side by side.
If you were a talented Software Engineer wanting to work for a top company, you would make your choice based on a number of factors, such as company mission, values, culture, career progression, compensation and benefits.
Up until this week, most of those top companies would offer a pretty similar deal.
But now, Twitter has said remote work will be part of it's culture. And for some people, that's a HUGE benefit that can override other decision making factors.
As an example, a Software Engineer could earn $XXX,XXX per year working for a tech company, but that might include a 2 hour commute each day.
By removing the commuting costs in terms of time and money, that same Software Engineer could choose a remote job that pays 20% less and still have the same disposable income with more free time.
Free time to focus on better quality of life.
Free time to offer consulting.
Free time to work on a side project.
This of course is not for everyone, but for many it's a huge incentive to switch companies.
What's the short term impact?
Twitter's announcement is a catalyst for change. People working in Silicon Valley will start expecting remote work as a standard benefit from their employers.
Companies that adopt remote work will retain and attract talented people.
Companies that don't, will see talented people leave for other companies, and struggle to recruit the best.
In the short term, we can expect a number of large technology companies to review their remote work policy on a longer term basis, and talented people will migrate towards the companies that offer it. This will create a vacuum of talent for the office based companies, who will need to offer something pretty special if they're not offering remote work.
What's the medium term impact?
Once many of these tech companies "switch" their existing set up from office based to remote, they will develop more effective ways of working and internal policies and process will be set up for a distributed work force.
Around this time, these companies will realise they're paying Silicon Valley wages, for people that don't live in Silicon Valley.
They'll understand they are equipped to manage a work force from further afield. For companies that are on a "growth at all costs" model, a reduced wage bill could be the difference between profitability and failure.
This is incredible news for you, if you want to work for a world class technology company, but don't live in Silicon Valley. As more companies adopt a remote work policy, the more likely you are to land a remote job working for them.HelloRemote can help you with that.
What's the long term impact?
Predicting further out is harder, but it's not unrealistic to expect a number of scenarios to play out...Remote work becomes standard, outside of the tech industry
As a society, we learn how to manage distributed teams more effectively and that level of education rolls into other industries. Working remotely becomes part of many services traditionally offered face to face.Urban Decentralisation
Always dreamed of a high paying career in technology, whilst living on your own farm in the country side? It's not that far away.Cross Border Business Infrastructure
Right now it's hard for a business to employ small numbers of employees in a single country, due to employment and taxation laws. Companies like Remote.com
are already working on that, to make it a straight forward process. More tools and services that support this, will grow.
By Andrew Pyle@AndrewPyle
is the Founder of HelloRemote
, a no-nonsense platform that connects great people with the best remote companies in the world.