Surprising no one but the mgmt teams…
Unispace found that nearly half (42%) of companies with return-to-office mandates witnessed a higher level of employee attrition than they had anticipated. And almost a third (29%) of companies enforcing office returns are struggling with recruitment. In other words, employers knew the mandates would cause some attrition, but they weren’t ready for the serious problems that would result.
Meanwhile, a staggering 76% of employees stand ready to jump ship if their companies decide to pull the plug on flexible work schedules, according to the Greenhouse report. Moreover, employees from historically underrepresented groups are 22% more likely to consider other options if flexibility comes to an end.
In the SHED survey, the gravity of this situation becomes more evident. The survey equates the displeasure of shifting from a flexible work model to a traditional one to that of experiencing a 2% to 3% pay cut.
Let’s not even account for the other added expenses of going to work. Like clothes, different food, gas, car repairs, and lost time for flexibility of appointments.
Also when you are paying for those that is after tax as well. So I save about £2k a year just on travel costs, that’s the same as a £3k pay increase.
You have a 50% tax rate?
3k before tax and 2k after, is 33%. Not 50%. 33% is normal for a medium-high earner in Europe.
Yep, I see where I fucked up the math there now.
It is always weird that percentages aren’t reversible like that