Recent studies illustrate how remote work, amplified by the pandemic, is perceived as highly valuable by many workers, with significant willingness to accept pay cuts for it. About 40% would accept a minimum 5% reduction in salary to retain remote work, with some in technology willing to forego as much as 25%. Nick Bloom's research indicates that remote work can feel equivalent to an 8% salary increase for the average worker, showing its critical importance in job attractiveness and overall work-life balance.
"For some subsets of workers you can find higher numbers, relatively to the pay cut they would accept, especially within the technology sector."
"The reality is: It is a very attractive feature of a job," said Zoe Cullen, highlighting that remote work has become a priority for employees.
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