Forty-two percent of working adults are willing to give up an average of 6 percent of their pay for more workplace flexibility at work, reveals a new survey by Mom Corps and Harris Interactive.
Men and young workers are especially open to pay cuts. According to the survey, 12 percent of working men are twice as likely as working women to say they would be willing to give up more than 10 percent of their pay for greater workplace flexibility. Workers ages 18-34 are up to three times more likely to forgo more than 10 percent of their pay, despite the fact that the unemployment rate for young workers is highest among all age groups.
"The fact that employees of all ages are willing to give up any percentage of their salary in exchange for more flexibility over their work schedule is significant, especially given the economic climate and record unemployment," says Allison O'Kelly, founder and CEO of Mom Corps. "Corporate America no longer aligns with the way U.S. families conduct their daily lives. Participating in some form of flexible work option allows employees to have more work-life balance, and successful companies know this can yield a significant return on investment for them."
The survey also finds that 62 percent of respondents believe flexibility is one of the top factors considered when looking for a new employment opportunity, and 79 percent of working mothers and 77 percent of working fathers say they would stay with their employers if there were available flexible work options.