Monday, March 1, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Trade News Today
Advertisement
  • Home
  • Trade News
    • All
    • Business
    • Cryptocurrency
    • Dow Jones
    Global Pre-Trade Risk Management Solution Market Size, Analytical Overview,

    Global Pre-Trade Risk Management Solution Market Size, Analytical Overview,

    CDC advisers recommend Johnson & Johnson single-dose vaccine, paving the way for

    CDC advisers recommend Johnson & Johnson single-dose vaccine, paving the way for

    Bitcoin extends retreat from record high to hit lowest in 20 days

    Bitcoin extends retreat from record high to hit lowest in 20 days

    Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

    Herbalife to Name Three New Directors as Icahn Era Ends

    Turkey’s foreign trade deficit drops 32.8 percent

    Turkey’s foreign trade deficit drops 32.8 percent

    Treasury Market Had a Cow, Mortgage Rates Jumped, Wall Street Crybabies Clamored

    Treasury Market Had a Cow, Mortgage Rates Jumped, Wall Street Crybabies Clamored

    Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an

    Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an

    Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

    J&J Covid-19 Vaccine Authorized for Use in U.S.

    Tesla applies for Giga Texas to be a foreign trade zone

    Tesla applies for Giga Texas to be a foreign trade zone

    • Business
    • Dow Jones
    • Cryptocurrency
  • Investing
    • All
    • Automobiles
    • Diamonds
    • Gold
    • Oil & Gas
    • Real Estate
    Billionaire Steven Cohen Picks Up These 3 “Strong Buy” Stocks

    Billionaire Steven Cohen Picks Up These 3 “Strong Buy” Stocks

    The greatest risk facing stock market is not a crash, but this

    The greatest risk facing stock market is not a crash, but this

    What Kind Of Shareholders Own Gem Diamonds Limited (LON:GEMD)?

    What Kind Of Shareholders Own Gem Diamonds Limited (LON:GEMD)?

    Analysis-Indonesia’s palm oil-powered ‘green diesel’ fuels threat to forests

    Bahrain set to allow higher deduction from oil sales for reserve fund

    Pandemic’s homebuying frenzy ignores California’s risky real estate past

    Pandemic’s homebuying frenzy ignores California’s risky real estate past

    Chile’s state copper company reports higher 2020 profit

    Chile’s state copper company reports higher 2020 profit

    Andrew Cuomo Requests Outside Review After Second Former Aide’s

    Andrew Cuomo Requests Outside Review After Second Former Aide’s

    SBI cites 6 big reasons to invest in Sovereign Gold Bonds

    SBI cites 6 big reasons to invest in Sovereign Gold Bonds

    Lyric Theatre is exploring the great outdoors with its 2021 shows

    Lyric Theatre is exploring the great outdoors with its 2021 shows

    • Real Estate
    • Diamonds
    • Gold
    • Oil & Gas
    • Automobiles
  • Forex Analytics
    • All
    • Central Bank Views
    • Market Overviews
    FinanceFeeds | SEC boosts ESG oversight to address corporate greenwashing

    FinanceFeeds | SEC boosts ESG oversight to address corporate greenwashing

    Juyeol Lee: New Year Speech

    What 31 provinces reveal about growth in China

    USD/CHF Weekly Outlook | Action Forex

    USD/CHF Weekly Outlook | Action Forex

    Juyeol Lee: New Year Speech

    Digital currencies and the future of the monetary system

    Forex reserves up by $169 mn to $583.865 bn, Auto News, ET Auto

    Forex reserves up by $169 mn to $583.865 bn, Auto News, ET Auto

    Retailers and CRE Companies Optimistic About Strong Recovery, Continued

    Global $989.6 Million Motor Vehicle Insurance Market to 2027 with Allianz,

    Automated Trading Software Market 2021-28 Proclaim Healthy Revenues with

    Automated Trading Software Market 2021-28 Proclaim Healthy Revenues with

    101Investing Review – Is it a Scam or Legit Broker? 🕵️ We Investigate

    101Investing Review – Is it a Scam or Legit Broker? 🕵️ We Investigate

    Fuel Additives Market Assessment 2020 and Impact of COVID-19 with Forecasts to

    Community And Individual Services Global Market Report 2021: COVID 19 Impact and

    • Central Bank Views
    • Market Overviews
  • Politics
  • Business
  • Markets
  • Retail
  • Personal Finance
Trade News Today
No Result
View All Result
Home Business

Workplace software company Okta will let its 2,600 employees work remotely

August 28, 2020
in Business
3 min read
Workplace software company Okta will let its 2,600 employees work remotely
Share on FacebookShare on Twitter


Okta, which provides worker-login software to nearly 9,000 organizations including JetBlue, Nordstrom and Slack, said as much as 85% of its workforce is expected to work remotely under the new policy, up from 30% before the coronavirus crisis. The company has roughly 2,600 employees.

The decision highlights how US businesses are increasingly bracing for a long pandemic. Google has extended its remote work policies until at least July 2021. Earlier this week, Airbnb said it will allow its employees to work remotely through next August, even if their local offices have reopened.
Okta’s move shows how a workplace trend toward permanently supporting work-from-anywhere, which began during the pandemic with Twitter and Facebook, is accelerating.

This spring, Okta told employees they could choose not to return to the office until a vaccine or effective treatment to Covid-19 has been developed. The announcement reflected partial steps toward a plan for remote work that Okta had started discussing the year before, said Todd McKinnon, Okta’s CEO, in an interview. But the pandemic’s enduring effects, along with recent US immigration restrictions announced by President Donald Trump, have sped up those plans.

“We’re very fortunate in that the whole premise of our product is ‘boundary-less work environments,'” McKinnon said.

About 70 Okta employees have already sought to take advantage of the remote work policy. Among them are a handful of employees outside the United States who could not enter the country to work due to Trump’s extended limits on temporary worker visas, which were announced in June and strongly opposed by the tech industry.

Another group of foreign-born employees asked to work remotely full-time because they feared the uncertainty created by the administration’s policies, according to McKinnon, who described himself as “frustrated” by the rules.

“Directly because of what the US administration is doing, it’s led them to not want to have to deal with the problem and we’ve been able to move them to other countries, like Canada,” McKinnon said. “Maybe their visa is coming up in a year, or they’re concerned about the green card process, so they’re moving to a different country. But it’s a shame for the US.”

Other factors encouraging Okta to shift to permanent remote work included workers’ growing comfort with technology and economic trends such as the high costs of living in New York and San Francisco, according to an internal presentation reviewed by CNN.

Okta’s internal surveys showed strong demand for more work-from-anywhere flexibility. Roughly eight in 10 employees said they would feel as or more productive working remotely than in the office, according to data the company collected in 2019. Just 17% said they would prefer to work five days a week inside an office.

The new plan could also mean changes in worker pay. Like Facebook, which has signaled it will change compensation for those choosing to work outside major tech hubs, Okta said employees who wish to work remotely will undergo a similar approval process.

That process will account for local costs of living, how long an employee has worked at the company and an area’s comparable benefits and salaries.

Still, said McKinnon, as more companies shift to permanent remote work, the less local geography will play a role in compensation and the more pay will again be defined by a worker’s qualifications.

“You’ll see more consistent salaries around the world,” McKinnon said. “Facebook is going to hire an engineer in Raleigh, just like we will. The determinant will not be what the cost of living in Raleigh is, but what Facebook or Okta will pay.”



Read More: Workplace software company Okta will let its 2,600 employees work remotely

Tags: 600 employees work remotely permanently - CNNcompanyEmployeesOktaremotelySoftwaretechworkWorkplaceWorkplace software company Okta will let its 2
Previous Post

Pandemic PC boom pushes HP sales $1 billion higher than expected; stock up 5%

Next Post

Bank of America Corp. stock rises Thursday, outperforms market

Related Posts

Texas woman hits over $300G jackpot while waiting at Las Vegas airport for

Texas woman hits over $300G jackpot while waiting at Las Vegas airport for

by Trade News
February 28, 2021
0

Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com. A Texas woman visiting Las Vegas...

New York bars, restaurants suing state over coronavirus curfew get temporary OK

New York bars, restaurants suing state over coronavirus curfew get temporary OK

by Trade News
February 28, 2021
0

Ninety bars and restaurants suing New York state over a coronavirus-related 11 p.m. closing curfew were allowed to stay open...

Highways that destroyed Black neighborhoods are crumbling. Some want to undo

Highways that destroyed Black neighborhoods are crumbling. Some want to undo

by Trade News
February 27, 2021
0

Camara says her parents moved when she was a baby to another Shreveport neighborhood, Allendale, where she still lives....

VW ID.4 Goes 190 Miles in Car & Driver Highway Test, Tesla Model Y Hits 220

VW ID.4 Goes 190 Miles in Car & Driver Highway Test, Tesla Model Y Hits 220

by Trade News
February 27, 2021
0

Car and Driver recently got their hands on the all-new Volkswagen ID.4 1st Edition and put it through the...

U.S. SEC suspends trading in 15 securities due to ‘questionable’ social media

U.S. SEC suspends trading in 15 securities due to ‘questionable’ social media

by Trade News
February 26, 2021
0

TipRanks2 ‘Strong Buy’ Stocks With 7% Dividend YieldYou can get whiplash, trying to follow the market fluctuations these days....

Next Post
Bank of America Corp. stock rises Thursday, outperforms market

Bank of America Corp. stock rises Thursday, outperforms market

0 0 vote
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Today Trend News

Surging Laptop Demand Helps Ease HP’s Pain From Weak Office Printing Sales

WPP Shares Climb as It Says the Worst of the Crisis Is Likely Over

August 27, 2020
Meet 2021 NFL Draft Prospect Justin Arth, QB, Texas Wesleyan

Meet 2021 NFL Draft Prospect Justin Arth, QB, Texas Wesleyan

February 14, 2021
Listrak Joins Shopify Plus Certified App Program

Listrak Joins Shopify Plus Certified App Program

August 28, 2020

Women’s game gets under way – at last | Sport

August 29, 2020
Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention

Chinese Bank Disables Digital Yuan Wallet After Soft Launch Draws Wide Attention

August 29, 2020
FOMC Preview – Preparing for Changes in Monetary Policy

FOMC Preview – Preparing for Changes in Monetary Policy

August 29, 2020
Webinar: How Small and Mid-sized Businesses Overcome Automation Barriers by

Webinar: How Small and Mid-sized Businesses Overcome Automation Barriers by

February 25, 2021
Surrey and Hampshire Police warning over investment fraud | News

Surrey and Hampshire Police warning over investment fraud | News

January 30, 2021

Don't miss it

PODCAST – ReThink: Travel Retail
Retail

PODCAST – ReThink: Travel Retail

February 28, 2021
Texas woman hits over $300G jackpot while waiting at Las Vegas airport for
Business

Texas woman hits over $300G jackpot while waiting at Las Vegas airport for

February 28, 2021
Personal finance savvy propels student Caleb Adams to state competition
Personal Finance

Personal finance savvy propels student Caleb Adams to state competition

February 28, 2021
Global Pre-Trade Risk Management Solution Market Size, Analytical Overview,
Trade News

Global Pre-Trade Risk Management Solution Market Size, Analytical Overview,

February 28, 2021
CDC advisers recommend Johnson & Johnson single-dose vaccine, paving the way for
Business

CDC advisers recommend Johnson & Johnson single-dose vaccine, paving the way for

February 28, 2021
Bitcoin extends retreat from record high to hit lowest in 20 days
Cryptocurrency

Bitcoin extends retreat from record high to hit lowest in 20 days

February 28, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

No Result
View All Result
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply