Remote work, whether at home or in a coworking space, has become a popular alternative to the traditional office setting. It's an attractive option for many people, a great way to save money and reduce commute time, and the flexibility to work from anywhere has a lot of advantages. It's also enabled a revolution in the way we communicate, collaborate, and even work. In fact, it's now so much in vogue that it's used for everything from running a start-up to handling a family business.

Remote work has become more popular due to a number of factors, such as the Covid-19 Pandemic that forced companies to let employees work from home which turned out to be highly productive, the desire to balance work and family life, a need for flexibility, and higher wages for workers who work from home.

Remote work has become an attractive option for companies that would like to decrease their overhead costs. Many companies offer remote work because they want to improve their employees' quality of life and lower costs, but there is a myth that remote employees make less money than in-office workers.

Why was the myth started?

There are several reasons:

• First, remote employees are often paid by the hour rather than by salary.

• Second, remote workers can be paid lower hourly rates than their in-office counterparts because they do not spend as much time in the company's office and need to cover for themselves (so they may purchase their own computer and/or office supplies).

• Lastly, remote workers may also lack employee benefits like health insurance and 401(k) contributions that provide a steady flow of income.

The truth behind the myth

Our analysis also finds that remote workers have higher rates of reporting job satisfaction and lower rates of reporting job-seeking behavior. Remote workers earn higher pay on average compared to non-remote workers.

Employees who can work remotely are happier with their jobs

Employees who can't work from home are frequently less satisfied and more often hate their job than people who telecommute all of the time.
Employees are happiest when they can choose when they go into an office as needed but can work from home when it's more productive.

Remote workers do not earn less than their on-site counterparts

Employees who work fully remotely earn more compensation than employees who do not work remotely at all. Blue-collar jobs that do not require onsite presence, such as transportation, construction, manufacturing, installation, maintenance, and repair, typically earn more than employees who do not work remotely.

In conclusion, remote workers are not underpaid. They are paid on par with their in-office counterparts. With M500 REMUNERATION, you can price jobs quickly and access the information you need to pay right.