For employees who work remotely, do you often think to yourselves, “do I have to accept a pay cut in exchange for flexible work hours?”

And for managers thinking about how to pay their remote workers fairly, “how do I know how much to pay my employees?”

Recently, Google has announced plans to reduce the salaries of its employees in exchange for the opportunity to maintain their remote work life. Though they aren’t the first company to do so, a giant multinational company making this big move is sure to send aripples across other companies.

Despite some people getting more flexible hours, there are still those opposed to the pay cut to work remotely. Why is this so? Shouldn’t most people be happier with flexible time?

To enlighten us regarding this divide and provide insight on the issues surrounding compensation for remote employees, is founder and CEO of Scaling Up, Verne Harnish. Verne is also a world-renowned speaker and the bestselling author of the book “Scaling Up” among many others he has written. When it comes to knowing how to effectively manage remote employees, Verne’s the perfect expert!

In this episode, we dive deep into remote worker compensation and benefits and how to pay remote employees properly. According to Verne, good leaders should pay their A-players the best compensation. Paying employees properly, after all, can help in learning how to improve work productivity.

Employee compensation benefits can really help your business improve especially when you’re treating your people well. Satisfied employees do bring out the best results! But there is one thing in the video that Verne explains is about the difference of paying fairly and equally. These are two different things and managers can make mistakes in this area! You have to catch what Verne says about fair and equal pay!

How to effectively manage remote employees is also one of the topics we tackled with Verne. He recalls a story on “gamifying” work systems that create a more positive work culture! I mean, honestly, everybody loves games! Workers compensation benefits can be molded in such a way that games can be employed along with healthy competition with rewards!

There’s so many more questions that Verne answers in this episode! What is the definition of SPAC and how is it related to compensation? Is the Google pay cut even fair?

If you, yourself, are a remote worker and are considering whether you should take a paycut to work from home, you HAVE to join us on this episode of #WhatTheTeck! You definitely wouldn’t want to miss opportunities for employee benefits!