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Over a third of Londoners would take pay cut for permanent home working

·2-min read
Some office staff have worked remotely since March 2020  (PA Wire)
Some office staff have worked remotely since March 2020 (PA Wire)

Office staff in London are among those most willing in the UK to take a pay cut to work from home permanently, a new study from a financial services company shows.

As employers look at post-pandemic office plans, research from Hitachi Capital said over a quarter (27%) of UK office workers polled are willing to take a salary reduction, with those on a lower wage more prepared to take a hit.

The data showed 40% of Londoners willing to take a cut, compared to just 13% of office workers in the South West (see data in bold at the end).

The study also found millennials are most likely to consider taking a smaller income, followed by over 55s (25%) and 45–54-year-olds (24%) “if it meant the reduction was less than their usual travel spend and there was increased flexibility from their employer”.

After more than a year of working from home in some cases, bosses are looking at a range of future workspace options, from reducing space, to hybrid working.

Many firms have indicated they plan to offer employees a mixture of home and office hours.

Some tech giants have delayed back to office plans, including Amazon and Google. The latter’s boss Sundar Pichai told staff: “For some locations, conditions are starting to improve, yet in many parts of the world the pandemic continues to create uncertainty. Acknowledging that, we’ll extend our global voluntary return-to-office policy through January 10, 2022 to give more Googlers flexibility and choice as they ramp back.”

Hitachi’s survey said pure flexible working is the preferred option for 28% of respondents, followed by three days at home and two in a workplace.

Theresa Lindsay, group marketing director at Hitachi Capital UK, said: “The pandemic has led to a seismic shift in the way people want to work in order to effectively manage their work and home life commitments.”

Lindsay added: “Moving forward, our research clearly shows that the clamour for flexible working is so pronounced that many employees are even prepared to sacrifice their salary to achieve a better work-life balance in the long term.”

Here are the percentages of people surveyed in the Hitachi study who said they would be willing to take a pay cut to work from home permanently:

– London, 40%

– West Midlands, 36%

– East Midlands, 34%

– East, 28%

– Wales, 27%

– North East, 26%

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