Remote Work Is a Perk Worth Paying For, Survey Says

Number of the Day: The most relevant or interesting figure in personal finance

NOTD - 62%

The Balance

That’s the share of workers who said they would take a pay cut to work from home permanently, according to a new survey that shows how reluctant telecommuters are to give up their pandemic-era work arrangements.

In addition to the nearly two-thirds who would give up pay, 30% said they would work longer hours, 13% said they would accept lower-quality healthcare coverage, and 13% would give up some of their vacation time. That’s according to a poll of 933 employed U.S. adults carried out between July 29 and Aug. 2 by the Harris Poll and Personal Capital, a financial technology company, and published Tuesday.

The results echo a similar survey carried out a little over a week before that found 65% of workers were willing to take a 5% pay cut in exchange for the option to work remotely full time. Fifteen percent said they would go even further, taking a pay cut as drastic as 25% in return for the option to work from home, according to the survey of 1,000 U.S. adults conducted by Breeze, a disability insurance company, and online survey platform Pollfish.

But it’s one thing to tell an online poll you’d take a pay cut, and quite another to face the reality of a smaller paycheck, as is reportedly the case for Google employees. Workers at the California-based Internet giant are being told they will have to accept reductions of their salary up to 25%, depending on the cost of living in their area, if they choose to work from home, according to a report by Reuters. 

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The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
  1. Personal Capital. “How Finances Factor into the Pandemic ‘Great Resignation.’

  2. Breeze. “To remain remote, employees are ready to give up benefits, PTO, & salary.”

  3. Reuters. “Pay cut: Google employees who work from home could lose money.”

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