100% Work From Home For 2.84 Lakh Employees Of This Big Company (With Pay Cut)
Working from the office or working from home, might be one of the most pressing issues in the corporate world right now. Both ways of working have their own pros and cons. But it seems like corporate leaders are throwing these choices completely in the hands of their employees.
PWC takes big leaps in the direction of a complete remote workforce
According to sources, PriceWaterhouseCoopers has decided to let the entirety of its U.S. workforce decide whether they want to work remotely full-time.
It should be noted that PWC, the accounting and consulting firm had already given the non-client-facing employees the option to work remotely full-time. But the latest decision will allow 40,000 client services to work remotely permanently.
Employees opting for permanent WFH would be required to come into the office up to three times a month for in-person meetings. The company is expecting that about 30 to 35 percent of employees will opt for permanent working remotely.
Full time WFH will come at a cost
As they say, freedom is not free, this offer to completely work from home, will also come at a cost. PwC employees who work virtually in a low-cost location might get reduced paychecks. The firm plans to decrease pay for those working remotely from a low-cost place. A similar policy was announced by Google earlier this summer.
PWC has said that the firm — headquartered at 300 Madison plans to change the way its office space is used but has not announced any major changes.
To sum it up, the majority of 55,000 US employees of PWC, a majority of whom can work remotely going forward.
Still, not everyone is pessimistic about the future of offices in a post-pandemic world.
Recently Google bought an office building to expand its lower Manhattan campus. It has boosted hopes for New York City’s office market and economic recovery.
Cushman & Wakefield, a global commercial real estate services firm, is predicting that a return-to-office trend will emerge — both in the U.S. and abroad — during the first quarter of 2022. Also as of September 22, approximately a third of office workers in the top 10 U.S. markets were back at the office, sourced informed.