A law firm with more than 1,000 employees has announced that employees in Paris, Greece, Hong Kong, Singapore and South Korea can choose permanent remote work – but that comes at a price
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An employer is offering its employees the option to work from home permanently, but the deal comes with a 20% pay cut for convenience.
Chiefs of law firm Stephenson Harwood said employees could choose to work remotely full-time, but those who choose would lose a fifth of their pay.
Known as the maritime law firm, Stephenson Harwood is one of the top 50 UK law firms by revenue. It employs more than 1,100 people and has offices in Paris, Greece, Hong Kong, Singapore and South Korea.
Junior solicitors at Stephenson Harwood have starting salaries of £90,000 meaning anyone taking up the offer would lose around £18,000.
The company told The Times newspaper that its new working policy would apply to its London headquarters and most of its international offices.
However, a company spokesman said it was likely any employee who adopted a fully remote work routine would be barred from promotion to the “partner” level.
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“For the vast majority of our employees, our hybrid work policy is working well,” the spokesman said, adding that employees already have the opportunity to work from home twice a week.
“Like so many companies, we see value in being in the office together regularly while still being able to offer our employees flexibility.”
Elsewhere, some UK employers will start a new four-day trial period in the UK from 1 June, with the option of a shorter week without any loss of pay.
60 companies with 3,000 employees have committed to participate in the pilot project of the action group 4 Day Week Global for six months.
The system is based on the idea that employees will receive 100% of their salary 80% of the time and hopefully remain 100% productive.
This comes amid growing interest in the potential benefits of giving workers an extra day off.
Companies that have signed up for the test range from large marketing firms to charities and breweries.
During the pilot, companies will work with researchers to understand the impact on productivity.
They will also track worker well-being and environmental impact and gender equality.
The Atom Bank became one of the recent adopters of the four-day workweek last year when it switched to a permanent long weekend with no payroll deductions.
Instead of reducing the employees’ working hours, the four working days were extended.
https://www.mirror.co.uk/money/employees-told-can-work-home-26849989 Employees said they could work from home forever, but only if they take a 20% pay cut