The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise
The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise
Employers offering remote and hybrid work options hire new talent more quickly than companies making employees to return to the office.
cross-posted from: https://lemmy.zip/post/1125686
Archived version: https://archive.ph/vL1mC
Archived version: https://web.archive.org/web/20230806071111/https://www.businessinsider.com/employees-work-from-home-benefits-as-good-as-raise-2023-8
![[HN] The back-to-office backfire: Companies ending WFH perks lose out on top talent](https://lemmy.uhhoh.com/pictrs/image/120f0995-778d-4047-b6b9-9afd4f366f8c.jpeg?format=webp&thumbnail=196)
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An 8% raise to bring people back to office sounds like a reasonable cost tbh
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it wouldn't cover the opportunity cost of 3-4 hours a day for me, and while commuting direct costs are about 4% of my wage, that means a 4% incentive to lose 15-20 hours a week. absolutely not enough for me and to be honest I would consider it a disrespectful insult if my employer tried to justify that
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Real question, why did you take a job that required a 3-4 hour commute?
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because all the work is in the city for my career. and thats 3-4 hours return, not each way. many people do that here
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Damn, that sucks. I guess there's no option to live closer within budget or a competent train service?
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not really. cost of housing is huge here. plus i like where i live and the kids all have schools established etc. its only a day or 2 a week i need to commute so its managable at least, but pre covid it was getting unbearable
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That's an extra 500/mo for me.
Factoring in needing to (re)buy office clothes/makeup/hair products, the extra time to get ready every day, commute with the time and money costs, as well as increased food costs?
Hard pass. That "extra" money is only going to pay for those extra costs.
Let's look from a time perspective. Being conservative in estimating a typical commute (for my area) and getting ready time, that's an extra 1.5 hours to my day. 500 a month over that extra 30 hours a week is 16/hr. Not terrible, but not worth it to me. I'm not going to trade 3 hours of my off work time for $48.
Now, if you're willing to trade that time for that cost, I'll def find 3 hours of chores around my place to hire you for!
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