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In New Salary.com Survey 83% of Employees Say They'd Leave their Job If Compensated Less for Working RemotelyWALTHAM, Mass., June 23, 2021 /PRNewswire/ -- Employees want to maintain the option to work remotely post-pandemic and will not tolerate being compensated less for remote work, according to new survey data from Salary.com. The Remote Work & Compensation Pulse Survey of both employees and employers, conducted in May 2021, found 48% percent of employees want to be fully remote and 44% want a hybrid work model. The hybrid work model has support among 51% of employers surveyed, though there is a big divide when it comes to fully remote work, with only 5% of employers saying that will be an option. Another red flag: 92% of employers have no formal practice in place for determining pay for partially remote employees; 72% have no formal practice in place for determining pay for fully remote employees. Compensation Adjustments for Remote Employees The same strategy applies to partially remote employees, with 97% of employers indicating they will not lower an employee's compensation if they continue, or transition to, working partially remote. For those that would adjust compensation, 21% would adjust salary with employee contribution, geographic location, and concerns about culture as contributing factors. "Remote work translates into a more fluid, and potentially volatile, market for how employees move from company to company," said David Cross, Senior Compensation Consultant for Salary.com. "This double-edged sword not only means that there's a broader selection of talent from which to hire, but that there is also an increased retention risk to the current workforce. Employers recognize that rewards need to not only reflect and attract tese skills into the business, but to retain those skills of their existing employees." Compensation Strategy Shifts for New Hires Working Remote For their pay decisions they would take into account:
"One-quarter of employers indicated they will take different considerations into account when determining fully remote pay for new hires, which could create a subtle class divide between new hires and existing employees," said Cross. "This move could have significant consequences on employee culture and retention." Return to Work Timetable of Employers
Survey Methodology ABOUT SALARY.COM The market-leading CompAnalyst® SaaS platform accelerates compensation workflows, delivers real-time data, and powers accurate, equitable, and competitive compensation. Through its Salary Wizard and pioneering website, Salary.com delivers continually updated, reliable market pay data and career content to over 30 million visitors each year. For more information, please visit the company website at www.salary.com. Media Contact:
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