Jul 17, 2020
A recent survey of 600 U.S. adults found 66 percent willing to take a pay cut for the flexibility of working remotely.
To what degree varied, however.
- Fourteen percent would take a one to four percent cut;
- Twenty-nine percent would take a five-to-14 percent cut;
- Seventeen percent would take a 15-to-24 percent cut;
- Seven percent would take a 25 percent or more cut;
- Thirty-four percent would not take a lower salary for flexible remote work.
The survey, taken from July 5 through 7 from Fast, a start-up specializing in online checkout, found COVID-19 safety concerns part of the current appeal of remote working. Thirty-nine percent were less comfortable returning to their physical office compared to 30 days before. However, 65 percent preferred a workplace that gives employees the flexibility to choose where and when they work remotely.
With many Americans now working from their homes, a number of other recent surveys have likewise found a majority of workers open to receiving less pay to be able to work remotely some or all of the time.
According to the latest survey from Dice, the job search site, the benefits of remote work include being more productive, having more flexibility or control of schedule and the time, cost-savings and the environmental benefits of avoiding a commute. A more relaxed workplace, including more comfortable attire, was also cited.
For employers, Global Workplace Analytics has estimated “based on conservative assumptions” that a typical employer can save an average of $11,000 per half-time telecommuter per year. The primary savings are the result of increased productivity, lower real estate costs, reduced absenteeism and turnover and better disaster preparedness.
The concept of “localized compensation” or paying someone less for the same work because of where they live is being hotly debated in human resources circles. In May, Facebook drew some backlash after announcing that employees choosing to permanently work remotely will receive salary cuts if they move to less expensive areas.
A recent survey of tech workers from employment platform Hired found 40 percent supported “cost of living” adjustments while the same percentage were against it.
DISCUSSION QUESTIONS: What are your views on scaling down remote worker pay based on their local cost of living? What complications might companies face should they look to employ local compensation pay structures as they increase the numbers of remote workers?
"I think this is a tough argument for an HR department to support, even if it has more leverage during a period of high unemployment."
"accept" - Google News
July 17, 2020 at 09:44PM
https://ift.tt/3jg1tzV
Should workers accept pay cuts in exchange for working remotely? - RetailWire
"accept" - Google News
https://ift.tt/2YsXkRf
https://ift.tt/3d2Wjnc
Bagikan Berita Ini
0 Response to "Should workers accept pay cuts in exchange for working remotely? - RetailWire"
Post a Comment