Employees are accepting pay cuts to keep working from home. They shouldn’t
Working from home has made life easier for many people. But easier or more convenient working conditions shouldn’t come at a cost to workers; they should simply be a part of good corporate practice
After months of remote work, many Americans are less than thrilled at the prospect of returning to the office. Despite the efforts of many employers and government officials to bring people back into the physical workplace, the last thing many employees who are at home want to do is start commuting again.
What is surprising, though, is just how much some workers are willing to surrender to their employers in order to keep the remote work arrangement going. A recent GoodHire study found that 61% of survey respondents would be willing to take a pay cut to maintain remote working status. Seventy percent of those surveyed also said that they would forfeit benefits like health insurance, paid time off and retirement accounts in order to keep working remotely.
And this isn’t purely hypothetical. The risk of having to make that tough choice is very real, with companies like Google already threatening to cut workers’ pay by up to 25% should they choose to work from home permanently. Still, it’s not hard to see why some workers would be so desperate to keep working from home that they would consider an up to 50% pay cut in some cases.
Aside from reducing the risk of being exposed to Covid-19, remote work gives employees far more flexibility during their workday, a fact that has proven to have no bearing on their productivity. In fact, research has found that productivity is often higher when employees are permitted to work from home. Parents also save a ton of money on before- and after-school childcare and can free themselves of sometimes long and grueling commutes.
(Adapted from https://www.theguardian.com/commentisfree/2021/sep/27/employee-pay-cuts-work-from-home)
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