October 20, 2023
Many people would take a pay cut for more flexible working and shorter hours
Two thirds of British workers would be prepared to take a pay cut for an overall better job according to a poll from the hiring platform Indeed. A survey of over 5,000 workers for its Better Work 2023 report found a desire for greater flexibility and less time at work is driving this trend, with a four-day work week (28 percent), a better work life balance (25 percent) and more flexible working opportunities (17 percent) the most likely factors to encourage Brits to take a pay cut. The mean pay cut workers surveyed are willing to take is 9.2 percent. Given the average salary for UK workers is £33,000, that means the average worker is willing to take a pay cut of £3,036 per annum for a better job. More →