re: #300 NJDhockeyfan

With any major corporate move away from an established location to a new location, you’re going to lose a lot of corporate talent in the process as many workers will not uproot themselves to follow the company, especially when the move is halfway across the country.

What does that mean then? Well, it might mean that the company in question will let those employees continue working with telecommuting, which means that the originating state will continue to benefit from the workers in the state, and the company doesn’t lose the talent it accrued. It adds to the tax challenge for the company too for reporting purposes, but they’re probably figuring on a cost savings on the move to be in excess of what additional reporting is necessary.

It also means needing to hire people for the new location to meet the job qualifications, and that takes time, and is also disruptive. It can result in lower productivity in the short term, and lower productivity over a longer term as people get acclimated to a telecommuting presence if they’ve held on to their jobs in CA and didn’t follow to TX.

Texas might make sense as home base because it’s a midway point for companies, and makes adjusting to time zone differences.