August 2023
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A woman lounges in a hammock, reading a book. Behind her, a cityscape looms.
TD Magazine

Money or Peace of Mind?

BL
Monday, July 31, 2023

In the battle of work from home versus the office, pay is a major influence.

Americans don't want to give up the freedom of working from home anytime soon. More than 500 employed US workers detailed in a 2023 RemoteBridge survey what they would do to avoid returning to the office. A few of the top answers were perhaps given with tongues firmly planted in cheeks (43 percent said they would eat broccoli every day, and 20 percent said they would use a puppet to communicate during all video conference calls). Still, 19 percent of respondents said they would be willing to take a 10 percent pay cut to continue working remotely.

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For context, ZipRecruiter reports that the average annual pay for remote workers in the US is $57,370, with most salaries falling between $25,000 and $67,500.

Of the 4,000 job seekers who responded to FlexJobs's 2022 Career Pulse Survey, an overwhelming 87 percent said having a remote or hybrid job has improved their work-life balance. Seventy-seven percent of those surveyed said they think having a remote or hybrid job has helped or would help manage their mental health issues. Further, 63 percent of the FlexJobs survey respondents said they would pick the better work-life balance offered by a remote position over a higher salary. In fact, only 31 percent said they would choose better pay in place of an improved work-life balance.

Pay considerations aren't just about salary—savings are a major factor in choosing to work from home. Twenty-nine percent of respondents said they save at least $2,600 annually by working from home, reports FlexJobs; 45 percent valued their savings at approximately $5,000; and one in five estimated their savings surpassing $10,000 per year.

Americans have become very attached to their own space and the flexibility they get from home. They're willing to sacrifice pay or, as a quarter of the people RemoteBridge surveyed, are even willing to watch an episode of Keeping Up With the Kardashians every day to stay out of the office.

BL
About the Author

Bobby Lewis is a writer for ATD; [email protected].

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