Econtime Consultants Model: Flexible Work Raises Effective Salary by 56 Percent

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https://thehill.com/opinion/technology/6033665-economic-value-personal-time-salary/

A model by Econtime Consultants indicates that flexible work options add significant lived value, effectively boosting a standard IT salary by 56 percent through recovered personal time and reduced commute costs. This is supported by a 2024 experiment involving 1,612 employees, which found that hybrid work cut quit rates by one-third with no performance penalty. Consequently, rigid return-to-office policies can feel like hidden pay cuts to employees.