World of HR: Workers in Europe like working remotely-but not enough to take a pay cut

"But younger workers and those with children at home reported being more likely to accept a pay cut, as did those with longer commutes. "For some employees-particularly those with children or long commutes-working from home is highly valued, as it can help them balance their work and personal life," the authors concluded. "Remote working flexibility can therefore play a role in attracting and retaining workers, especially in tight labour markets where skilled staff are scarce.""

"Workers in the US may be more willing than their European counterparts to give up some cash to work remotely, according to recent surveys from Youngstown State University and FlexJobs. Fifty-five percent of fully in-person workers said they would accept a pay cut in exchange for a remote or hybrid option, Youngstown State University found. Many respondents said they would accept up to an 11% pay cut to work a hybrid schedule,"

Remote work in Europe doubled between 2019 and 2024; over one in five workers now work remotely at least one day a week. Approximately 34% of workers are remote at least one day weekly and 10.6% are fully remote, with most preferring hybrid schedules. Seventy percent of workers would not accept a pay cut to maintain remote or hybrid arrangements; those willing would accept a median 2.6% decrease while 8% would take a 6–10% reduction. Remote work can reduce recognition and socializing, and younger workers, parents, and long-commute employees show greater willingness to sacrifice pay. US respondents showed higher willingness to accept larger pay cuts for hybrid options.

Read at HR Brew