Tuesday, September 6, 2011

Trading Dollars for Flexibility?

At Momentum Resources we always fight hard for fair, market-driven compensation rates for our candidates. But when considering compensation levels, and believe me, it's all over the place in this market, it's important to consider the whole picture.

Typically, this sort of holistic comparison has included things like benefits (particularly retirement plan contributions, but moreover health care premium costs) but lately, workers seem to be taking flexibility into the equation. Would you trade a portion of your compensation for a more flexible schedule?

Business Insider reports that the majority of workers (regardless of age, gender and professional status) are willing to trade 10% of their income for more schedule flexibility.

There are absolutely some real-dollar cost savings to a more flexible schedule, mostly in commuting costs and additional child care. But I'd caution that this is a very slippery slope. It shouldn't matter when and where the work gets done, so long as you're meeting (and exceeding!) expectations. Taking a discount for flexibly-produced work implies it's somehow less valuable, and that's just not the case.

1 comment:

Heather S. Marsh said...

I'm glad you wrote this...very true. With today's technology, we shouldn't be limited to traditional work schedules unless they are imperative to the job itself. And let's be honest, I'm willing to bet that the vast majority of professionals don't need to be onsite every day. I think a big struggle is trying to get some of the "older" thinkers to see the value in a flex-schedule. AND, I think it's a win for companies to consider offering time management/technology training to help those not quite accustom to this new, modern working environment. But hey, as usual, this is simply my two cents. :-)