• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

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

by February 21, 2025
written by February 21, 2025

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 comment
0
FacebookTwitterPinterestEmail

previous post
I was a White House lawyer and I found Trump’s way around the left’s lawfare roadblocks
next post
AG Bondi says violent anti-Israel student protesters in US on visas ‘need to be kicked out’

related articles

Walmart boosts sales outlook as it says tariff...

August 21, 2025

How a ship that glides like a pelican...

August 21, 2025

Apple just landed a key win for the...

August 20, 2025

Best Buy launches third-party marketplace as it looks...

August 19, 2025

Group accused of using fake accounts to buy...

August 19, 2025

Playboy moving its headquarters to Miami Beach and...

August 17, 2025

Lyft co-founders to step down from ride-hailing firm’s...

August 16, 2025

Warren Buffett’s Berkshire Hathaway reveals new stake in...

August 16, 2025

Apple Watch getting redesigned blood oxygen feature following...

August 15, 2025

The CEO in chief: How Trump is getting...

August 15, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Panama eliminates charge fees for US government vessels to use the canal

    February 6, 2025
  • American Marc Fogel released from Russian custody

    February 11, 2025
  • Top trade association sends letters calling on big changes in 3 key departments: ‘Unleash American energy’

    January 23, 2025
  • Biden will address nation from Oval Office on decision to exit 2024 race

    July 23, 2024
  • Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy

    June 12, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Israel-Hamas cease-fire, hostage release deal reached: ‘Americans will be part of that’

    January 15, 2025
  • Huckabee hits back at Western countries that ‘side’ with terror group Hamas

    July 22, 2025
  • Barcelona protesters throw items and spray travelers with water while shouting ‘tourists go home’

    July 11, 2024

Recent Posts

  • Long BDX: bullish reversal from $220 support amid improving fundamentals and potential upside breakout signals

    December 4, 2024
  • Israel’s actions against Iran create strategic opportunity for US in nuclear talks, experts say

    June 14, 2025
  • Johnson says Trump’s Gaza takeover proposal could be ‘bold step’ in restoring peace

    February 5, 2025

Editor’s Pick

  • Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

    May 20, 2025
  • Dogecoin and Shiba Inu continue to descend to new lows

    August 1, 2024
  • Long NHI: National Health Investors (NHI) Q3 Earnings, Strong Fundamentals, Investment Growth, and Solid Balance Sheet Signal Bullish Potential

    November 7, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, 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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock