As many as 69% of UK professionals would consider leaving their job if their employer suggested a pay cut for working remotely.
Interestingly, of the 1,500 respondents surveyed by CV-Library, those who were willing to stay in their roles said they would:
- accept a 5% pay cut (cited by 43.4%)
- take a 10% pay drop (20.7%)
- agree to a 20% cut (5.9%)
Lee Biggins, CEO and founder of CV-Library commented on the survey, “Contractual obligations, weighting allowances and individual circumstances will be unique to each business. What is apparent is that flexible working is here to stay and we’re in a candidate led market with job postings at a record high.”
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Email JaimeBiggins added, “This topic isn’t going to disappear anytime soon and very few businesses seem to be having the conversation with staff in the UK. Given the government announcement about tax increases from 2022, businesses do need to proceed with caution. If they do choose to further impact salaries and benefits for those working from home, there will be plenty of opportunities from companies who will be prepared to meet the needs of top job seekers.”
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.