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People are more willing to accept pay cuts and loss of benefits in order to work from home

Why it matters: One of the effects of the pandemic is that many people now work from home or use a hybrid home/office system. According to the latest in a long line of surveys showing the same result, the vast majority of employees want to keep it this way—and would be willing to give up…

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Why it Matters: A result of the pandemic, many people work remotely or have a hybrid office/home system. The latest survey in a series of similar results shows that the majority of employees want it to stay this way and would not mind giving up their perks and pay in return.

The Future of Work in Financial Services: Remote or In-Office? ‘ was created by Vidyard and Atomik Research, a market researcher. It uses data gathered from 503 financial service professionals working in sales, marketing, human resources, and client services, focusing on their work-from-home opinions.

The survey reveals that a massive 96% of people would be willing to give up a percentage of their salary to work from home permanently. And not just a small amount: 30% would give up half or more, while 2 in 5 would take between 25% and 50% less pay to keep working from home indefinitely.

Illustrating just how desperate some people are to stay out of the office, 97% of respondents said they would be willing to give up one or more benefits to work from home permanently. Of that group, 38% said they would sacrifice their health insurance, another 38% said they would give up all their paid time off, and 10% were willing to lose both perks in exchange for permanent WFH or hybrid work.

Many people desire to continue working at home

Why do employees hesitate to return to work? The most common reason in this survey (40%) is fear that their productivity would decline. That’s followed by concerns their dog would miss them–a more valid reason, in this writer’s opinion–followed by worries of job satisfaction plummeting (33%) and increased stress (30%).

While plenty of CEOs argue that in-office work is essential for getting the most from staff, 88% of financial service professionals said they experienced more success while working from home, and 82% believe productivity at their organization has increased since WFH schemes began at the start of the pandemic. Nearly half of respondents believe that having fewer distractions and no office politics has helped them accomplish more work in a shorter time.

However, there are some disadvantages to working remotely from the office. Most (86%) respondents feel employees who choose to work in the office receive bette

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