Would your employees want to work fewer hours even if meant taking a pay cut?
A growing number are willing, according to one analysis of Department of Labor stats.
Female employees in favor of the tradeoff greatly outnumber males. Approximately 10 % of women would prefer working fewer hours, compared to 5.6% of men.
The big reason, analysts say, is that full-time female employees are more likely to get caught in a work-life balance crunch.
In the typical U.S. family, women still perform a disproportionate share of the household tasks. Women who reported having a child under the age of 3 were the most likely to want work cutbacks.
On the flip side, 23% of employees say they want to pick up more hours to make more money. These trends make work-life benefit and flex-time opportunities easier for you to offer, while also cutting overtime costs for your non-exempt workers through work hour-pooling programs.
Less pay for more flexibility?
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