According to a recent survey conducted by a Volvo car dealership close to Fort Lauderdale, the average American is ready to give up over $13,000 in annual salary to be able to work from home.
3,000 employees who were asked to return to the office either full-time or in a hybrid model were included in the survey. Participants were asked by the car dealership how much of their salary they would give up in 2024 to avoid having to commute.
The exact amount that Americans said they would be willing to pay to work from home is displayed here, along with the states that are ready to pay the highest amount to do so.
How much does working from home cost?
Employees would sacrifice about 8% of their yearly pay to work remotely, according to a USA Today article about the cost of remote work.
As per a study conducted by Gunther Volvo Cars in Coconut Creek, Californians were the most willing to lose the largest amount of money to work remotely, while Montanans were the least likely to do so.
Respondents from Montana indicated they would be willing to give up $429 annually, while those from California indicated they would give up $13,759 a year.
Which state offers the highest compensation for remote work?
These are the top 10 states where employees would sacrifice the most money to avoid commuting:
- California: $13,759
- Washington: $13,017
- Utah: $12,843
- New York: $12,693
- Colorado: $12,631
- Maryland: $12,157
- Massachusetts: $11,951
- New Jersey: $11,414
- Louisiana: $11,189
- Rhode Island: $11,107
“The results of our survey highlight a shift in priorities. Employees have had a taste of what a commute-free life can be like, and they’re placing a substantial value on that flexibility and time saved,” Joseph Gunther from Gunther Volvo Coconut Creek told reporters.
How many people worked from home in the U.S. in 2023?
The landscape of remote work has undergone substantial changes, significantly impacting corporate cultures, workspace configurations, and employee preferences. A comprehensive analysis of remote work statistics reveals key trends and shifts in the remote employment sector:
- As of September 2023, remote work constituted 28% of all workdays, marking a notable rise from the 7% recorded in 2019, according to WFH Research.
- A considerable segment of the workforce, nearly 30%, expressed a preference for working from home five days a week in 2023, as per WFH Research findings.
- Trust levels between remote workers and their managers remained high, with 70% of U.S. adults working remotely reporting a high level of managerial trust, based on a 2023 Pew Research study.
- The principal advantage of remote work in 2023 was the flexibility it afforded individuals in managing their time, as reported by 22% of respondents in a Buffer survey. Conversely, the most significant challenge faced by remote workers was the tendency to stay home excessively, cited by 33% of participants.
- Despite the popularity of remote work, office occupancy in the U.S. saw an uptick, surpassing 50% in September 2023, with peak occupancy reaching 60%, as indicated by data from Kastle.