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Many employees appreciate remotely that they would take a wage reduction to work from home, even on a part -time basis, studies show.
The prevalence of external work that was landed during the COVID-19 Pandemie. Many perhaps experience telework for the first time in their career; Employees mention the balance between work and private life as by far the greatest observed benefit, according to Pew Research Center.
Some researchers have quantified the financial value that employees allocate.
According to a recent study by Harvard University, Johns Hopkins University and the University of Illinois in Urbana-Champaign, for example, a wage reduction of at least 5% would accept to retain their external job to maintain their external job. .
About 9% would trade at least 20% of their salaries to maintain the telephoto work, according to researchers, who have interview more than 2,000 employees.
In other words, employees see the opportunity to work from home – even two or three days a week – as an equivalent to getting a wage increase, according to Nick Bloom, a professor of economics at Stanford University who studies workplace management practices.
Data that Bloom has collected in recent years suggest that the average employee remotely is equal to about an increase of 8%, he said.
“That figure seems remarkably stable” in the course of time, Bloom said in an e-mail.
“For some subsets of employees you can find higher figures,” Bloom said compared to the wage reduction.
A National Bureau of Economic Research Working Paper published in January that looked at the employees who looked mainly in the technology field, it turned out that they would accept an average wage reduction of 25% for a job that offers completely or partially remotely.
“The reality is: it is a very attractive feature of a job,” said Zoe Cullen, a university professor of Business Administration at the Harvard Business School, who is authorized to co-author of the Nber study.
De Paper investigated information about nearly 1,400 employees from the American technical sector. The average person was 32 years old and had about seven years of work experience. Researchers gathered data about the job that people receive and the jobs they ultimately choose, with the average performance with $ 239,000 a year in total reimbursement.
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Of course, not all Americans prefer work outside the office.
About 41% of employees with the possibility of teleworking but who rarely say that the work in the office helps them to feel more connected to colleagues, and 30% think that personal work helps with mentor opportunities, according to Pew Research Center.
Working from home has also been taken from the peak from the Pandemic era.
Large companies such as Amazon, AT&T, Boeing, Dell Technologies, JPMorgan Chase, UPS and the Washington Post have started Return-to-Office Mandates for at least a few employees.
President Donald Trump also issued an order to terminate January 20 to terminate external work for federal employees and require full -time presence in the office, with a few exceptions.
That said, according to Labor Economists, employers do not seem to anchor on a national scale.
The number of days paid during the working week during the working week has been kept steadily over the past two years, between 25% and 30%-according to WFH Research more than three-time the pre-known rate.
Employees are not the only ones who get an advantage: external work is also a profitable arrangement for companies, according to Labor Economists.
For example, employers can save money on real estate by reducing office space. They can also hire job candidates from all over the country, possibly with a lower relative salary, depending on geography.
Employees with the possibility to work from home also tend to stop less often, reducing the company spending on expensive functions such as hiring, recruitment and training, Bloom said.
