Workers at UK law firm to take 20% pay cut to work from home full-time
A U.Okay. legislation agency has determined to supply its workers the choice of working from house full-time, however on the situation that they take a 20% pay reduce.
The London-headquartered legislation agency Stephenson Harwood has additionally provided its workers the choice of a hybrid mannequin, working as much as two days remotely for a similar wage.
A spokesperson for Stephenson Harwood stated this was “in keeping with the method taken by many Metropolis legislation companies.”
“Like them, we see worth in being within the workplace collectively recurrently, whereas additionally having the ability to provide our folks flexibility,” they stated.
Each the hybrid and full-time distant work choices got here into impact this month.
Stephenson Harwood had seemed to make use of folks for a small variety of roles residing outdoors of London throughout the ongoing coronavirus pandemic.
The spokesperson stated this enabled the agency to draw candidates that in any other case would not have been accessible to them. Nonetheless, they identified that the job packages, together with the salaries, have been completely different from these provided to its workers who recurrently work from its London workplace.
Stephenson Harwood has since determined to open this selection of absolutely distant work to its present workers.
In response to the Stephenson Harwood website, workers becoming a member of the agency on its coaching contract in London are paid £43,000 ($53,835) for his or her first yr, rising to £47,000 within the second yr. The agency at present provides a wage of £75,000 for a newly certified solicitor.
There continues to be a debate on the deserves of every working mannequin within the wake of the pandemic, although the consensus appears to land on the concept that a hybrid working week offers the right balance for many.
Knowledge from the U.K.’s Office for National Statistics, launched in June final yr, confirmed that of the adults working from house on the time, 85% wished to make use of a hybrid method sooner or later.
Nonetheless, the U.Okay. has been grappling with a value of residing disaster in latest months, as a consequence of surging inflation, pushed partly by Russia’s unprovoked invasion of Ukraine.
Rising prices embody practice fares, which went up by 3.8% in March, stated to be the most important bounce in 9 years. Nonetheless, the bounce in rail fares was primarily based on an inflationary measure from final yr.
ONS knowledge confirmed that the price of food and non-alcoholic drinks went up 5.9% in March on the earlier yr, the most important bounce since 2011.
So, saving on the prices of each commuting and consuming out whereas working within the workplace might turn into an excellent greater consideration for employees, as soaring energy bills put extra strain on funds.