A report from ResumeBuilder found that, in 2023, remote workers were the least likely to be rewarded for their work contributions, as they received fewer raises and promotions. When these workers did receive raises, they were generally lower than those given to hybrid or fully in-office workers. However, remote workers reported being happier, less stressed and more productive than in-office and hybrid workers.
“When you’re working remotely, you’re often already taking home more money than your colleague who’s going into the office every day. You’re not paying for commuting costs, you’re eating cheaper lunches, and you don’t have to pay the same for a pet sitter or child care. So that does offset the cost.”
-Stacie Haller, chief career advisor at ResumeBuilder
ResumeBuilder surveyed 1,190 full-time employees who performed jobs that could be done remotely. Of the surveyed employees, 417 were remote, 567 were hybrid and 206 were fully in-office. The report found that all three groups experienced similar levels of connectedness to their employer, co-workers and managers. However, individuals working fully in-office reported worse mental health, poorer work-life balance and more unhappiness at their current job, leading to these workers being more stressed and unhappy at work compared to the other groups. In fact, fully in-office workers were three times more likely to be unhappy at work than hybrid or remote workers.
Worker happiness is critical to retention and a productive work environment, according to the report. Thus, more than half (52%) of fully in-office employees indicated they would look for a new job in 2024, compared to 43% of hybrid workers and 36% of remote workers. When asked about their current work arrangement, 92% of remote workers reported liking it, compared to 69% of hybrid employees and 35% of fully in-office employees.
Employer Takeaway
Remote work remains popular among employees. Despite this, many employers are planning to implement return-to-office (RTO) mandates in 2024. Employers who find ways to balance employees’ desire for remote and flexible work arrangements with RTO orders will likely have a happier, more productive and engaged workforce.
Employers should continue to monitor workplace trends. Contact us for more resources.
The content of this News Brief is of general interest and is not intended to apply to specific circumstances. It should not be regarded as legal advice and not be relied upon as such. In relation to any particular problem which they may have, readers are advised to seek specific advice. © 2024 Zywave, Inc. All rights reserved.