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
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I'm waiting to hear back from a job and chomping at the bit to leave because they offer a hybrid work schedule (3 home/2 office). It's a 6% pay bump (from $80k to $85k) but being able to work from home 3 days a week is such a big plus (and not having to manage anyone being the other) makes it worth it for me. Not to mention that I can cash out all the vacation time that I've accrued. I'm sitting on 287 hours of vacation time right now so that would be roughly $10.9k paid out when I leave. I asked them if I could cash some out earlier this year but was told "no but if you leave the company, you'll still get paid out so don't worry about losing it". Well guess I'll be leaving the company then. I rolled over 218 hours so it's not like it wasn't time I didn't have accrued. I also have 300 hours of sick time and 41 hours of weather time too. Those won't get paid out though.
I worked from home for over a year and we had our best year in commercial lending as a credit union while everyone was home. Now everyone needs to be in the office every day. Yeah, no thanks.
300 hours of sick leave? I think I feel a fever coming on.
Yeah. We get 2.77 hours per pay period in accrual. The most you can get to is 60 days (480 hours) since they don't offer short term disability. But once you hit 440 hours you can cash out 45 hours of sick time for 15 hours of pay or once you hit 480 you can cash out 60 hours for 20 hours of pay (3:1 conversion to cash).
I've got about 200 days of sick leave lol. probably should use it more often
"Yeah, boss. Weird thing... There's a thunderstorm in my house, gonna take me about 41 hours to figure this out."
It's an old relic from pre-covid where if it was snowing and you needed to come in an hour or two late (like if your kids had a delay at school), you could. Now we all have laptops and can work remotely if needed (minus the branch staff). Also, we didn't get shit for snow here in PA this past winter either.
Yeah, just keep in mind that in some countries, paying out vacation hours results in a large portion of that sum being paid to the tax-man. In the Netherlands that's about 40% (from the top of my head).
Yeah, I'm in the US and I understand that a bunch of that might be paid to the tax man but at the very least, I'm getting that cash out. Currently, the only way for me to benefit from it is to get my same salary every week but just have times where I'm not at work which just means I have more work when I come back. Things have been tight since my wife lost her job (though she does have an interview next week so fingers crossed) so just getting even half of that $10.9k in cash back to replenish our rainy day fund would be a big relief.