Employees Would Take Pay Cut for Flexible Work

September 1, 2011 (PLANSPONSOR.com) – A survey from Mom Corps finds more than two in five working adults (42%) are willing to give up some percentage of their salary for more flexibility at work; about 6% is the average.

Working men (12%) are twice as likely as working women (6%) to say they would be willing to give up more than 10% of their salary to receive more flexibility. The 18-34 age group is up to three times more likely to give up more than 10% of their salary even though the unemployment rate for young workers is highest among all age groups.  

According to a press release, more than three in five working adults responding to the survey (62%) agree flexibility is one of the most important factors they consider when looking for a new job or deciding what company to work for. Seventy-nine percent of working mothers and 77% of working fathers agree they would stay with a company longer if it offered flexible work options.  

"The fact that employees of all ages are willing to give up any percentage of their salary in exchange for more flexibility over their work schedule is significant, especially given the economic climate and record unemployment," said Allison O'Kelly, founder/CEO of Mom Corps, in the announcement.  

Rebecca Moore
editors@plansponsor.com