Remote Work Is a Perk Worth Paying For, Survey Says

Number of the Day: The most relevant or interesting figure in personal finance

NOTD - 62%

The Balance

That’s the share of workers who said they would take a pay cut to work from home permanently, according to a new survey that shows how reluctant telecommuters are to give up their pandemic-era work arrangements.

In addition to the nearly two-thirds who would give up pay, 30% said they would work longer hours, 13% said they would accept lower-quality healthcare coverage, and 13% would give up some of their vacation time. That’s according to a poll of 933 employed U.S. adults carried out between July 29 and Aug. 2 by the Harris Poll and Personal Capital, a financial technology company, and published Tuesday.

The results echo a similar survey carried out a little over a week before that found 65% of workers were willing to take a 5% pay cut in exchange for the option to work remotely full time. Fifteen percent said they would go even further, taking a pay cut as drastic as 25% in return for the option to work from home, according to the survey of 1,000 U.S. adults conducted by Breeze, a disability insurance company, and online survey platform Pollfish.

But it’s one thing to tell an online poll you’d take a pay cut, and quite another to face the reality of a smaller paycheck, as is reportedly the case for Google employees. Workers at the California-based Internet giant are being told they will have to accept reductions of their salary up to 25%, depending on the cost of living in their area, if they choose to work from home, according to a report by Reuters. 

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