I've been talking to some peers at competitors and they have mentioned they are being forced back to the office, much to their displeasure.
I was wondering if you would take a pay cut to retain the increased standard of living you experience at home, e.g. decreased transport costs, lowered risk of flu, increased social life, increased leisure time, and more.
If you would accept a pay cut, how much would be acceptable? I'll let the mods determine whether they want to create a poll.
Disclaimer/Background: I'm both a businessperson and employee. I'm technically an intrapreneur at the moment. Undoubtedly I have seen some people exploit work from home, but for others it has increased productivity. The problem I foresee in growing the business I am part of (have equity), is who to cut and whether we instead keep them on but at a reduced pay packet. Ultimately, reduced pay may lead to better outcomes for the workers as they will have less expenses, otherwise we must let people go.
Basically I want to see what the waters would be acceptable to both employee and employer. A lot of the competition are currently making decisions and it seems like they are going down the path of forcing people back to the office to try and improve productivity, but I personally believe the habits and lost productivity from those workers may not ever return. What are your opinions?
This is why Australia is behind the curve and relies almost completely on foreign investments for innovation. Every failing business/industry is bailed out instead of being forced to adapt to a changing market.
This is like saying we should loosen cigarette restrictions because the people who work for these companies have families too.