Professionals would take a pay cut for better work life balance

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Professionals would take a pay cut for better work life balance
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More than 1/3 of professionals would take a pay cut for better work life balance

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The Covid-19 crisis has shoved work and home lives under the same roof for many professionals. On Blind, an anonymous professional network, with 3.6M verified users, an Amazon employee ran a poll asking, “Would you take a 35% paycut to work at a company you like with better work life balance?”

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Professionals Prefer A Pay Cut To Enjoy Life

The poll had 6,954 responses and robust dialogue with 377 professionals commenting on their own experiences, here are some key learnings:

  • 36% of professionals say they would take a 35% pay cut to work at a company with better work life balance.
    • 30% of Facebook professionals would take the pay cut 
    • 34% of Microsoft professionals would take the offer
    • 28% of JPMorgan Chase & Co. professionals would take the pay cut 
    • 42% of IBM professionals would take the pay cut 

You can see the report highlighting the overall responses here.

A user at Comcast responded to the poll saying,  “Nobody wants to acknowledge that having poor wellbeing is expensive.... Off hours Ubers, eating take out, not being able to go do groceries, the fact you can't focus on bills and etc. Maybe it's still theoretically more money in the end, but take a slight pay cut and being to enjoy life, enjoy a relationship, deal with your kids if you have them”

As professionals realize their careers will forever be changed by the coronavirus pandemic, we can hope that one major shift will be a move away from the harmful assumption that a 24/7 work culture is working well for anyone.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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