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3 Awkward Money Conversations in the Workplace and How to Navigate Them

Success

Cynthia Holman is an IT finance professional based out of St. 2: Lack of salary transparency You’re applying for a new role and the application asks you to list your salary requirements. The salary is not listed on the job description, and Google comes back with such a wide range, you’re unsure of what to put down.

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The Four Horsemen of the Mandated Return to Office

Allwork

For example, an August 2022 Gallup survey of remote-capable workers showed that 34% of respondents want to work full-time remotely, 60% want to work a flexible hybrid schedule, and only 6% want to work in a traditional office-centric setting. . 23, that all salaried employees would have to return to the office three days a week.

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Unveiling the Hidden Potentials of Remote Work Productivity

Allwork

By spring 2022, this figure rose to 9%. A new study from the University of Chicago’s Becker Friedman Institute disclosed that employees saved around two hours weekly in 2021 and 2022 through remote work. A 2020 Stanford University study revealed that remote workers were 5% more productive than office-bound counterparts.

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If you want a high paying job, remote work is now less of an option

Workplace Insight

According to the latest data from the careers website Ladders , the availability of remote positions with salaries exceeding $200,000 has seen a drastic reduction. The authors claims that, for those seeking the highest salaries, the current trend suggests that in-office work may be the more lucrative path.

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Workplace Stress Is Crushing Young Employees

Allwork

In 2022, a Bain and Company survey revealed that 61% of employees under thirty-five were most concerned about their job security and finances (compared to 41% over thirty-five). This was supported by a LinkedIn survey which found that 72% of Gen-Zers wanted to quit their jobs in December 2022.

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Lessons From Past Recessions

Success

As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand.

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Cost of living crisis and other employee concerns are top risk concerns of businesses

Workplace Insight

Employee related risks in the top five include lack of skilled talent, employee retention and cost of salaries. Despite the cost of materials continuing to rise over the last 12 months, this risk has dropped back from first place in 2022.

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