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A global law firm has offered its employees the option to work from home permanently — but only if they take a 20% pay cut.
Many companies are struggling to encourage their workforce back into the office as COVID restrictions are increasingly being eased in cities all over the world.
A recent survey found that 76% of Apple employees were unhappy with the tech giant’s return-to-office policy, which requires corporate workers to be in the office once a week.
Meanwhile, only around half of Goldman Sachs employees showed up to work at the company’s Manhattan headquarters when the office reopened in March, despite CEO David Solomon’s famous belief that remote work is “an aberration that we’re going to correct as quickly as possible.”
Stephenson Harwood, a British law firm with offices in Europe, Asia, and the Middle East, told Fortune that during the pandemic, it hired people for roles in London who were based outside of the capital on smaller salaries.
In the U.K., it is common for employees to have “London weighting” incorporated into their salaries to compensate for the increased costs associated with living and working in the capital.
Stephenson Harwood told Fortune that the option to work under a fully remote arrangement — where workers are never required to be in the office but earn less — was recently offered to all of its existing employees.
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