Article by James Reinle, Social Affairs Correspondent, DailyMail.com
Updated May 29, 2024 16:17, May 29, 2024 17:50
TikTok influencers will suggest it's easy to land a remote job with a six-figure salary without even an interview.
But research from Ladders, a careers website for high earners, shows that it's not that easy.
The group says the days of comfortable working from home are coming to an end.
The number of remote work jobs paying more than $250,000 a year fell 60 percent last year, researchers found.
At the same time, the number of high-paying hybrid jobs has fallen by a staggering 95 percent.
Currently, only 4% of those jobs are available for fully remote work, and less than 1% are available for hybrid, according to the survey.
James Terry of recruitment firm Indeedflex said more companies may start offering promotion opportunities to workers who come into the office.
“Do people who work fully remotely really have the same kinds of career advancement opportunities as people who work in an office?” Terry told NewsNation.
Ladders' survey comes as more companies than ever are asking employees to return to the office, putting a dent in the pandemic-era work-from-home lifestyle.
Citigroup, HSBC and Barclays have all told more employees to come into the office five days a week in recent weeks, a move prompted in part by changes in Wall Street regulations.
Barclays said in the memo that starting June 1, it will require thousands of investment banking employees around the world to work in the office or travel to visit clients five days a week.
Banking executives Cathal Deasy and Taylor Wright write that working in the office “drives innovation, collaboration, and stronger culture.”
According to a survey by Resume Builder, nine in 10 companies plan to have their staff working in the office a full five days a week by the end of 2024.
Several large companies, including Boeing, UPS and JPMorgan Chase, have already mandated that employees work five days a week.
Those returning to the office are expected to see faster wage growth than those working from home or in hybrid working arrangements.
According to a March survey by ZipRecruiter, the average salary for office workers increased 33% from the previous year to $82,037.
By comparison, the average wage for a “hybrid” employee is just $59,992, a difference of $22,000.
Higher paying jobs require more dedication from employees, such as showing up to work every day.
Companies have realized that having employees work in the office is better for their bottom line than having them work from home.
Still, a remote or hybrid lifestyle could be a boon for parents, people living in remote areas, and others.
Working from home has emerged as a prominent culture war issue since lockdowns forced millions of employees to change their office setups overnight.
Wall Street executive Jamie Dimon has been one of the phenomenon's loudest critics.
Last year, he told The Economist he didn't believe managers could work from home, adding: “I don't see how you can have leaders who are totally out of touch with their people.”