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Workers from home beware - pay cuts might be the price of freedom

EconomyFeb 17, 2021 08:10PM ET
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© Reuters. A man works in his kitchen amid the coronavirus disease (COVID-19) outbreak in Sassenheim

LONDON (Reuters) - Dreaming of working remotely from that cottage in the hills? There is a good chance you will get paid less, according to a survey of human resources executives published on Thursday.

Employees who move to cheaper locations to work permanently from home are also likely to have more limited career prospects, executive search firm Leathwaite said.

Forty-five percent of the 250 human resources executives who took part in the survey said wages and bonuses should be adjusted when people decide to work remotely in areas with a lower cost of living.

People working from home would be competing against a much bigger pool of potential rivals for their job, according to the HR executives, who worked for major listed companies operating in the United States, Britain and Asia.

"A characteristic of the modern workplace will be the increased use of a more competitive, remote-based global talent pool," Andrew Wallace, managing partner at Leathwaite, said.

Two thirds of the executives surveyed also thought workers would spend between two and three days a week in the office while only 8% predicted a return to five days a week.

Nearly 40% said the maximum number of workers in the office would be half its previous capacity.

Britain's official statistics office said last week that 36% of working adults were working exclusively from home with the country back under lockdown restrictions.

A separate report published on Thursday by the Recruitment & Employment Confederation showed that 28% of large businesses in Britain were open to filling vacancies with people who did not live close to the office.

A poll of workers commissioned by the REC also found that only half felt British companies were doing a good job at recruiting efficiently.

Workers from home beware - pay cuts might be the price of freedom
 

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Comments (5)
Stephen Be
Stephen Be Feb 18, 2021 10:25AM ET
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Businesses should be paying a PREMIUM to homeworkers because the Citizen is paying for the facilities, the utilities and and sacrificing their personal space. a 25% wage surcharge would be fair, considering how much the Corporate Expenses are discounted because of closed facilities replaced by employee's persona and real property.
Randy Randy
randy00 Feb 18, 2021 6:15AM ET
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HR execs are never a good source of info, nice office though.
AmericaIsKing oftheGalaxy
AmericaIsKing oftheGalaxy Feb 18, 2021 1:50AM ET
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Who will buy all these things were making if we keep looking for ways to pay everyone less?
Rick Baier
Rick Baier Feb 17, 2021 11:52PM ET
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Good fever ok what about those who go in everyday since this covid trash started driving our cars or paying public transportation to get there west and tear on clothes suits nice cloths you get the idea. You gonna pay those at home working in their pajamas more than those busting their A getting to work. Your a genius
Stephen Be
Stephen Be Feb 17, 2021 11:52PM ET
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So you don't want to collect the IRS deduction for a HOME OFFICE. My wife asset up in out 500 SF living room. We pay for power and internet to do the Federal Government's work from home. Fair is fair. NO government agency was operating efficiently before COVID and now you can't get a single Federal or State employee to answer the phone. I have to make an appointment a month ahead to hand in Driver's license paperwork.
Stephen Be
Stephen Be Feb 17, 2021 11:52PM ET
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Why are you paying taxes for NO SERVICE from Government?
Gold Fever
Gold Fever Feb 17, 2021 10:13PM ET
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Should be paid more, companies save thousands per employee on office space, tech infrastructure, etc
 
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