This Company Pays Employees $10,000 to Move Wherever They Want
By Sonya Mann : inc – excerpt
Every employee at Zapier can work from anywhere, and its founders think that’s a key advantage when it comes to hiring and retention.
The San Francisco Bay Area is home to some of the happiest cities in America, but it also boasts the highest housing costs. Technically, Zapier is one of the thousands of companies based here, since that’s where its founders moved after getting into the startup accelerator Y Combinator.
But the 80-person startup, whose product helps more than one million users automate workflows across disparate apps, isn’t really based anywhere. It doesn’t have any offices. Even those founders don’t work from the same place — all three men work from home. Zapier is a 100 percent remote company, and it wants its workers to make the most of that.
In March, Zapier introduced a de-location package for new employees. Here’s how it works: If a new hire wants to leave the Bay Area, to get away from the high cost of living or the urban cultural milieu or the triumphalism of Warriors fans, Zapier will reimburse up to $10,000 of moving costs incurred within the first three months of employment. Employees who use this benefit are asked to commit to Zapier for a year, a company blog post says.
Zapier’s de-location package appears to be the first of its kind. Over the past century, as technology has advanced from the telephone all the way to videoconferencing, telepresence robots, and other internet-enabled tools, collaborating across time and space has only become easier… (more)
This could be the fastest cheapest way to solve the housing crisis. Stop moving people into crowded cities. I can speak in favor of the trend as I ran a remote office for a number of years. As long as the work is being done and the business is successful, it makes no difference how or where people work.