Homeworkers beware: wage cuts may be the price of freedom



[ad_1]

LONDON: Do you dream of working remotely from that cabin in the hills? You are most likely to be paid less, according to a survey of human resources executives released Thursday.

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

Forty-five percent of the 250 HR executives who took part in the survey said that salaries and bonuses need to be adjusted when people decide to work remotely in areas with a lower cost of living.

People working from home would compete against a much larger pool of potential rivals for their work, according to human resources executives, who worked for major publicly traded companies operating in the United States, Britain and Asia.

“A hallmark of the modern workplace will be the increased use of a more competitive and remote global talent pool,” said Andrew Wallace, managing partner at Leathwaite.

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

Nearly 40 percent 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 per cent of working adults worked exclusively from home with the country under lockdown restrictions.

A separate report released Thursday by the Hiring and Employment Confederation showed that 28 per cent of large companies in Britain were open to filling vacancies with people who did not live close to the office.

A survey of workers commissioned by REC also found that only half felt that British companies were doing a good job of hiring efficiently.

(Written by William Schomberg, edited by David Milliken)

[ad_2]