The proportion of hybrid jobs earning six-figure incomes fell by 69% between October and December of last year. Bloomberg via Getty Images
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I learned last week that management expects employees to return to the office full-time and is turning to tactics such as time and attendance management to ensure employees are compliant with RTO obligations. I wrote.
But the company's upper echelons are not exempt from the demands of IRL work. In fact, they may be in the worst possible situation. Hybrid jobs that pay six-figure salaries fell 69% between October and December 2023, according to a new study from Ladders, a career site that lists jobs that pay at least $100,000 a year. The share of high-paying remote jobs also fell by 12% over the same period.
But in-person jobs with six-figure salaries increased 93%, with job openings over $200,000 seeing the biggest increase in required in-person work, according to John Mullinix, director of growth marketing at Ladders. It was said to be expensive.
“Companies want their highest earners to collaborate and lead in their offices,” Mullinix said in a statement.
Some top CEOs have made it public that they require company leaders to work from their offices. JPMorgan Chase CEO Jamie Dimon argued in an interview that managers who work remotely “can't be leaders and don't have full access to their employees.” economist And billionaire Elon Musk, who claimed remote work was “morally wrong,” continues to report substandard performance even after acquiring the Twitter (now X) platform in November 2022. Threatened to fire employers who allow employees to work remotely.
Companies may be requiring their higher-paid employees to work in-person, but that doesn't mean they're happy with it. A recent survey by software company Checkr found that 68% of managers want to continue working remotely in 2024, compared to just 48% of employees who said the same. Additionally, companies that promote in-person work in industries that still have a high proportion of remote workers, such as technology and marketing, will see a strong competition for top talent given the reluctance to commute to the office. It should be expected. That includes offering better wages and benefits, Mullinix said. luck.
“What you can negotiate will likely be different for a large company with deep pockets than for a small company that may not have the same budget as a large company, but may have more flexibility in terms of paid holidays and working conditions,” he says. says.
While the proportion of senior-level hybrid roles may be decreasing now, it remains to be seen whether these placements are the wave of the future or just optimism on the part of executives.
“It will be interesting to see the trends.” [continue] That could be ambitious from the top down rather than the bottom up,” Mullinix says.. “Employee sentiment suggests they enjoy the flexibility of hybrid and remote work schedules.”
Paige McGloughlin
paige.mcglauflin@fortune.com
@payment
around the table
A roundup of the most important HR headlines.
– Some Gen Z job seekers I'm bringing my parents along for the interview.,And employers don't love it. —business insider
– Deloitte only Deploying AI tools to 75,000 employees The company expects productivity to improve. However, employees were warned that the tool could generate false information and that it was their responsibility to ensure accurate statements. —financial times
– In the fourth quarter of last year, nearly 20% of office space in America's largest cities was vacant. According to Moody's Analytics.The last time this number reached this high was in 1979.. -Wall Street Journal
water cooler
Everything you need to know luck.
boycott the blues. McDonald's CEO says: Boycotts related to disinformation about the Israel-Hamas war are impacting business. —Eleanor Pringle
CEO mirage. CEO of an Australian cryptocurrency company with a resume that includes stints at Cambridge University and Goldman Sachs may not actually exist. — Marco Quiroz-Gutierrez
saudi expansion. Google, Microsoft, Amazon are Head office opened in Saudi Arabia This comes as the country seeks to compete with other regional economic powerhouses such as Dubai. —Matthew Martin, Fahad Abuljadayel, Bloomberg
dog days are over. The latest victims are The obligation to return to the office is man's best friend. People who adopted dogs during pandemic-era WFH are now trying to rehome the animals. —Oriana Rosa Royle
A-list plight. addition Jodie Foster joins Gen Z critics list: The actress says young people are “a real nuisance, especially in the workplace.” —Eleanor Pringle
