Read The Times Australia

Daily Bulletin

What's it worth to work from home? For some, it's as much as one-third of their wage

  • Written by: Lynette Washington, Research Fellow, UniSA Business, University of South Australia
What's it worth to work from home? For some, it's as much as one-third of their wage

A significant proportion of Australian workers – about one-fifth – would be prepared to sacrifice between 16% and 33% of their salaries for the right to work from home, which works out at A$12,000 to $24,000 of those workers’ salaries.

But a much larger proportion, more than one half, would be prepared to sacrifice nothing, being either not strongly convinced about the benefits of working from home or actively preferring to go into the workplace.

Surprisingly, our findings are consistent with those of other surveys conducted both during and before the pandemic, suggesting the widespread move to working from home during COVID hasn’t changed preferences.

Before COVID, on the day of the 2016 Australian census, only 2% to 8% of the workforce in major Australian cities worked from home.

During COVID, on the day of the 2021 census 21% worked from home. A Bureau of Statistics survey conducted amid lockdowns in late 2020 found 31% worked from home most days.

Our survey of 1,113 workers from Australia’s 17 largest urban areas was limited to those in jobs whose tasks could be done either remotely or in central locations.

What we found

We offered the workers surveyed a choice of eight job arrangements with different salary ranges calculated with reference to their current salaries, and different degrees of flexibility about working from home.

Extract from survey form We also asked about attitudes to remote working, experience with remote working, commute patterns and age, gender, education and household size. We found most workers – 55% – weren’t prepared to sacrifice salary for the right to work remotely. Most of these (31% of all workers) didn’t see significant benefits to working from home. But a substantial proportion, 23.5% of all workers, while seeing benefits to their productivity and health and wellbeing from working from home, were concerned about what it would do to their organisational relationships, learning opportunities and prospects for advancement. Interestingly, workers who had the most experience of working from home before the pandemic raised these concerns most often. Workers with the least experience of working from home pre-pandemic were the least likely to be concerned about its impact on their careers and work relationships. This might be because before the pandemic we didn’t have great work-from-home policies and procedures to support remote workers. Read more: Remote working improves the lives of female managers - but at a cost Gender matters, age matters Women valued the ability to work from home far more than men, on average 28% more. This indicates that women are more likely to make a trade-off between long-term career prospects and the benefits of flexible work. In terms of age, workers in their 30s and 50s valued the ability to work from home the most while workers in their 20s valued it the least. This might be because workers in their 20s at the start of their careers are the most likely to value direct interactions with their colleagues and supervisors. Knowledge workers value remote work the most Middle and high-income earners in white-collar “knowledge economy” jobs were the most likely to value working from home. They were willing to forgo $12,000 to $24,000 of their annual salary to have the ability to do it some of the time. Workers in low-wage clerical or administrative jobs in sectors such as retail and training were among the least likely to value working from home. They were also among the most concerned about its impacts on their relationships with colleagues and opportunities for learning and advancement. Workers in small firms also placed low values on the ability to work from home, perhaps because these firms lacked the technological capacity to fully support it. Read more: The shift to working from home will be difficult to reverse Opinions split on productivity About half of the workers surveyed thought they were less productive at home. About another quarter found no impact. The final quarter found a significant improvement in both the quality and quantity of their work. Many said that while their working from home might cut the amount they got done per hour, it didn’t cut the total amount they got done because the flexibility it offered allowed them to catch up at other times. High and medium-wage professionals were the most optimistic about their productivity at home, and workers in low and medium-wage service jobs the least optimistic – a pattern that mirrored what they were prepared to sacrifice for the right to work at home. How to become an employer of choice Our findings suggest many employers of knowledge economy workers might be able to attract and retain high-quality staff by offering the ability to work from home in lieu of higher salaries. But this will not be the answer for all employers looking to retain the best staff. With many workers wary of what could happen to their career prospects if they stayed at home, and 55% of workers placing no value on remote work, some employers will need to find other ways to attract the best workers. Many workers value both face-to-face relations and flexibility. Finding the right balance will become increasingly important now that COVID has shown us how many of our jobs can be done from home. Authors: Lynette Washington, Research Fellow, UniSA Business, University of South Australia

Read more https://theconversation.com/whats-it-worth-to-work-from-home-for-some-its-as-much-as-one-third-of-their-wage-217554

Business News

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

Australian organisations are relying on business continuity plans built for a far more predictable world

Tariff escalations, supply chain fragility, geopolitical events, and the ongoing threat of cyber disruption have reshaped the risk environment facing Australian organisations. The problem is that ma...

Daily Bulletin - avatar Daily Bulletin

How to Rent a Car for Uber in Melbourne: What Every New Driver Needs to Know

Starting out as an Uber driver in Melbourne is not as complicated as it sounds but getting the vehicle right is where most new drivers get stuck. Uber has strict requirements around vehicle age, condi...

Daily Bulletin - avatar Daily Bulletin

When Should You Speak to a Lawyer About a Legal Issue?

Legal issues can begin with a simple question, then become harder to manage once formal steps are involved. Many people wait until a matter feels urgent before seeking guidance, even though earlier ...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How Long Does Interstate Freight Take in Australia?

If you have ever arranged for stock, equipment or materials to travel from one Australian state to a...

How AEC Firms Can Scale Faster Without Sacrificing Project Quality

Growth presents a fundamental dilemma for architecture, engineering, and construction firms: expan...

What Makes an Aesthetic Clinic Worth Going Back To?

Trying an aesthetic clinic for the first time can feel like a bit of a gamble. You can read review...

Elevate Your Morning Routine with Cafe-Style Coffee at Home with the Right Coffee Machine

There's something magical about that first sip of coffee in the morning. It’s more than just a bev...

Top Garment Steamers for Busy Professionals in Australia

The gap between garment steamers built for a quick touch-up and ones built to keep pace with a wor...

Correct Sleeping Posture to Minimize Back Strain

Most people don’t pay much attention to how they sleep until they start waking up with a stiff bac...

Why Product Longevity Matters for Sustainable Australian Buildings

Sustainability in building design is often associated with recycled materials, renewable resources a...

NDIS Support Coordination Explained: What Does a Support Coordinator Actually Do?

NDIS support coordination explained means understanding how a professional can help participants n...

When Should You Speak with Divorce Lawyers in Sydney?

Divorce involves more than completing an online application. It can affect parenting arrangements, p...