The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

CEOs want workers back in offices—this company is giving workers a $10,000 raise to do it

by admin February 22, 2025
February 22, 2025
CEOs want workers back in offices—this company is giving workers a $10,000 raise to do it

Cameo wants workers back in the office more often, and it’s paying them each $10,000 to show up.

Starting this week, workers at the celebrity video-greeting app are reporting into the company’s Chicago headquarters Monday through Thursday. In exchange, the roughly two dozen eligible employees can expect a $10,000 annual raise, free lunch, free parking and access to an onsite gym.

″‘Roll out the red carpet’ is our first corporate value, and we really felt like we wanted to make HQ a perk, not a punishment,” Cameo CEO Steven Galanis tells CNBC Make It. “We know we’re asking more out of you to give up the flexibility, and we wanted to compensate you for it.”

Many workers say they’d take a pay cut to be able to keep working from home. Cameo is hoping the inverse will be true.

Galanis and his leadership team landed on a $10,000 annual raise because the sum is “meaningful for everybody,” especially junior employees: “That might be the difference between them being able to get an apartment in the city or having to take the train because they live with their parents in the suburbs.”

Cameo currently has 50 employees, including 26 in Chicago and others around the U.S. and internationally, though most remote workers are concentrated in New York and Los Angeles. The new benefit doesn’t apply to workers outside of Chicago, though “if they wanted to move to Chicagoland, we would give them a [relocation benefit] and they’d be eligible,” Galanis says.

Cameo’s Chicago headquarters opened during the summer of 2024, but leaders never set a schedule of when they expected employees to be in. Without it, workers generally reported to the office two to three times in the middle of the week, Galanis says.

The new four-day policy was announced to staff a month ago. Galanis is reluctant to call it a mandate but says “there wasn’t an ability to opt out.”

“If you live in Chicagoland, you are four days a week in-office — there wasn’t an option on that. And in exchange, we give you a $10,000 raise.”

“If you wanted to move, you could do that” and not be subject to the in-office expectation, Galanis says.

Galanis says none of Cameo’s employees quit the company or moved away from Chicago following the policy announcement. A few outside of Chicago have indicated possibly moving closer to headquarters given the new perks.

Remote workers can also take part in Cameo’s Team Week, launched this summer, where they can be flown to Chicago once a month for a defined week when “everybody’s in,” Galanis says. Since the company covers flights, accommodations and some meals, he says, “if you take advantage of that every month, it’s effectively the same thing as the raise that the Chicagoland folks got.”

Galanis says he’d be in the office five days a week if he could, but recognizes workers have come to appreciate the “flexibility that our employees have earned.”

“We’re hoping Friday can be a flex day,” he says, where workers can take care of doctor’s appointments and other personal needs.

Leaders won’t be tracking attendance. “We’re adults here,” Galanis says, noting that workers who need to step out for personal matters like appointments should just let their manager know ahead of time.

Galanis is hopeful the move will re-energize creativity and speed at the company, and that staff see he’s accessible as a CEO. “Now they see me every day,” he says. “We’re walking around, we’re having lunch together. Some intern can come in and say, ‘Steven, why haven’t we ever done this before?’”

Ultimately, “what we’re really trying to do is maximize the amount of in-person time that our team is getting with each other, and to make sure that we’re able to move at the speed of pop culture,” Galanis says.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Amazon surpasses Walmart in revenue for the first time
next post
NRSC chair reveals how many GOP Senate seats he’s gunning for during 2026 midterms

Related Posts

Prebiotic soda brand Olipop valued at $1.85 billion...

February 13, 2025

Elon Musk’s Starlink brings internet — and politics...

October 4, 2024

Amazon and Nvidia say AI data center demand...

April 25, 2025

Ascension Health, largest Catholic hospital chain in the...

May 10, 2024

Ford and Mazda issue do-not-drive warnings for 457,000...

August 14, 2024

Target launches paid membership program as it chases...

March 7, 2024

U.S. economy grew at a 2.8% pace in...

July 26, 2024

Restaurant chain Hooters files for bankruptcy protection to enable founder-led...

April 2, 2025

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Investor convicted in Trump Media insider trading case

May 10, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

      August 10, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 10, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 10, 2025
    • Sydney Sweeney jeans controversy making advertising great again

      August 10, 2025
    • Nagasaki mayor issues chilling warning on 80th anniversary of atomic bombing

      August 10, 2025
    • Kash Patel celebrates major FBI achievements and record seizures during Trump’s first 200 days in office

      August 10, 2025

    Categories

    • Business (1,330)
    • Politics (4,206)
    • Stocks (1,577)
    • Uncategorized (45)
    • World News (1,323)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved