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Employees view work from home perks as good as 8% raises

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The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise

reported — with companies that have full-time remote work seeing a 5% increase in their staffing levels over the last year, compared to just 2.6% for full-time in-person offices.

Workers today put an increasing value in a flexible workplace and view hybrid work accommodations as equal to an 8% pay increase, Nicholas Bloom, a Stanford economics professor, told WSJ. And ensuring employees have a reasonable work-life balance leads to greater worker retention, increased performance, and better customer satisfaction, the outlet reported.

Source: News Formal (newsformal.com)

 

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