Remote work pays well for executives but costs everyone else

As companies like PNC, JPMorgan Chase and Paramount bring employees back to the office, the debate has focused on collaboration, culture and productivity. Missing from that conversation is the impact of remote work on paychecks. However, a recent study found that the majority of tech workers lose thousands annually in work-from-home arrangements.

JobLeads, a job-seeking platform, analyzed salary data across 42 standardized tech roles and found that 86% of positions pay less when they are performed remotely than when they are performed in the office. The average remote worker earns $7,703 less annually, according to the report, roughly a 6% cut. Senior and mid-level workers each lose approximately $10,000 per year going fully remote, and the researchers say not a single senior-level role in the study commanded a remote premium. READ MORE

To Stem Turnover, Employers Favor Higher Salaries and Remote Work

What are businesses doing to retain finance and accounting staff and make job offers more appealing to candidates when they have open positions?

Both can be a challenge. In the spring CFO Survey from Duke University and the Richmond Federal Reserve Bank, three-quarters of CFOs responding said the talent shortage was impacting revenue, and about half indicated it was constraining both revenue and full-capacity operations. READ MORE