As the return-to-office shift continues and a hybrid environment becomes the norm, being a fully remote worker can come with a cost, reports show.
Nearly 86% of tech jobs pay less to those working from home, according to a recent analysis of more than 121,300 tech job postings by JobLeads, a job search platform. Hybrid roles, meanwhile, pay about $2,000 less than on-site ones but still $8,000 more than most fully remote ones.
“The findings expose a pattern companies don’t advertise: where you work determines not just your lifestyle, but your earning power,” wrote Maryia Fokina, digital PR and content marketing manager at JobLeads.
However, the lost earnings aren’t present at all levels, the report showed. Senior and mid-level specialists lose about $10,000 annually when working remotely, but executives earn on average $23,517 more. In fact, every executive position pays a premium for remote work, while no senior-level roles and only 11% of mid-level roles do.
Workers’ sentiments, too, about remote work are changing. Only 7% of U.S. workers said they would quit over a mandatory return-to-office policy, down from 51% a year before, according to a January report by MyPerfectResume.
Many remote workers are even migrating back toward urban areas, with many workers as close to major cities like New York, Los Angeles, Chicago, Houston and San Francisco as they were in 2021 prior to the pandemic, a March report by Deel showed.
Read on for more stories on the changing expectations surrounding remote work.