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https://www.computerworld.com/article/3631034/working-from-the-office-means-a-pay-cut.html>
"In recent months, companies have been forcing workers back into the office
with increasing frequency. Annoyingly, many of these are big tech businesses
that can most easily enable their workers to work remotely.
This trend, likely to continue in 2025, costs workers real money. As
Washington Post columnist Catherine Rampell succinctly pointed out:
“Return-to-office mandates are, effectively, an invisible pay cut.“
Sure, it doesn’t show up as a line on your pay stub, but you save real money
when you work from home. You no longer have an hour-long commute to work and
all the costs that come with it. You can also choose to live (and work)
somewhere far less expensive — anywhere with a decent Internet connection.
All this adds up to serious cash savings.
How much? Well, the numbers vary from person to person and job to job, but
American workers value working from home — even two or three days a week — at
an estimated 8% of their pay.
According to Nicholas Bloom, a Stanford University economist and remote-work
researcher, more educated workers and those with kids at home value working
from home even more. They equate the option is worth up to 15% of their salary.
Actually, the parents are underestimating how much childcare costs. According
to the most recent survey from Care, a child care site, respondents spent 24%
of their household income on childcare. Even cutting a few hours from that is a
big savings.
It’s not just workers who see savings. That commute savings? A National Bureau
of Economic Research (NBER) study in 2023 found that cutting down on commute
time remotely saves employees, on average, 72 minutes each day. In turn,
employees return 40% of that time to their employer.
Let’s get to the bottom line. One Stanford study showed that remote employees
were 22% more productive than their stay-in-the-office colleagues. And Global
Workplace Analytics estimates that “organizations save an average of $11,000
per year per part-time telecommute, or 21% higher profitability.”
Why? There are lots of reasons. Remote workers are happier workers, for
instance. One study found that 65% of remote workers were “extremely satisfied”
with their jobs, compared to 34% of office-based employees.
Other studies show similar results. A YouGov survey found that 36% of US
employees would prefer to work entirely remotely, given the choice — more than
any other work model. And a recent Gallup survey found that “six in 10
employees with remote-capable jobs want a hybrid work arrangement. About
one-third prefer fully remote work, and less than 10% prefer to work on-site.”
To state the obvious: Happy employees are productive employees."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
