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The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise (www.businessinsider.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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cross-posted from: https://lemmy.zip/post/1125686

Archived version: https://archive.ph/vL1mC
Archived version: https://web.archive.org/web/20230806071111/https://www.businessinsider.com/employees-work-from-home-benefits-as-good-as-raise-2023-8

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[-] mercano@lemmy.world 220 points 1 year ago

At least. If you work an 8 hour day, a 0.5 hour commute each way adds an extra 12.5% to work time commitment each day, and it’s considered unpaid time.

[-] whatisallthis@lemm.ee 123 points 1 year ago

And your gas and car wear and tear

[-] messem10@lemmy.world 46 points 1 year ago

Yep, the IRS estimates that it is $0.655/mi in wear and tear on one’s car via the 2023 Mileage Rate.

[-] Nioxic@lemmy.world 1 points 1 year ago

That depends a LOT on the car.

A small suzuki would be a hell of a lot cheaper than a BMW 7 series.. (not in the price tag, but.. running costs)

[-] messem10@lemmy.world 13 points 1 year ago* (last edited 1 year ago)

Sure, but that is the rate that the IRS has come up with as an estimate/reimbursement amount.

[-] Random_user@lemmy.world -4 points 1 year ago

A mile of city traffic is tremendously different than a mile of rural driving.

[-] Anemervi@lemmy.world 31 points 1 year ago

You might need to buy additional food
Wear and tear of work attire
Might need to pay extra for someone to watch pet/child

Also there are additional costs of time

Extra time shaving or similar (if you know you are staying home some things can be delayed a bit)
Possibly extra time to prepare food
Traffic/weather delays
Extra effort for small things easily manage while at home e.g accepting deliveries, watching pets or opening for maintenance workers

That's of the top of my head, so 1 hour lost per day is a low estimate.