LANSING – Employees want to maintain the option to work remotely post-pandemic and will not tolerate being compensated less for remote work, according to new survey data from Salary.com,
The Remote Work & Compensation Pulse Survey of both employees and employers, was conducted online from May 14 – June 7, 2021. A total of 743 organizations participated from across the U.S. representing a broad spectrum of industries and organizations. The results were anonymized and analyzed in aggregate.
The Survey found 48% of employees want to be fully remote and 44% want a hybrid work model. The hybrid work model has support among 51% of employers surveyed, though there is a big divide when it comes to fully remote work, with only 5% of employers saying that will be an option.
As the new work environment has hit employers suddenly, 92% of employers have no formal practice in place for determining pay for partially remote employees and 72% have no formal practice in place for determining pay for fully remote employees.
The survey also found that employees would be much more willing to move from one organization to another if there were changes to current pay arrangements. 83% of employees said they would leave their job if compensated less for working remotely. Given the talent war, an overwhelming majority (95%) of employers said they would not lower compensation for employees who continue, or transition to, working remotely.
For those working part-time remote the same view is taken. 97% of employers indicated that they will not lower an employee’s compensation if they continue, or transition to, working partially remote. For those that would adjust compensation, 21% would adjust salary with employee contribution, geographic location, and concerns about culture as contributing factors.
To read more, click on https://www.sbam.org/employees-know-what-they-want-and-wont-give-up-pay-to-get-it/