in expensive areas of the countries, for example , silicon valley in the usa , real estate is expensive and companies pay through the nose for rentals
if they allow remote working , the employees can live in inexpensive areas and work out of their homes using a high speed internet connection.
for companies , this will save a lot of office space and one of their biggest expenses – rentals and utilities. the results – more profits and an increase in stock price . that is why many ceos are implementing this policy . the ceo’s tenure is decided by the share price increase during their term.
if the share price remains stagnant or moves up a marginal percent , say 10 – 20 percent per year , you can bet that there will be a change in the C level executives.Add to favorites