Going Back to the Office?

In a few weeks it will be September, the month when kids eagerly return to in-person classes. Many employees in companies and government agencies trudge back to the office too. Are you ready to return to the office and why should your boss allow you to work from home?

Increased Savings

According to a flexjobs.com survey, 3% of employees said they saved nothing each week by working from home while 8% saved less than $25.00, 21% saved between $26.00 and $50.00 30% saved between $51.00 and $100.00 dollars, 17% saved between $101.00 and $200.00 dollars and 21% saved more than $200.00 each week. If working from home has increased your bottom line, then sustaining your increase means you convince your boss. She’ll need to know remote work also works for the company.

Your conversation should begin from the company’s perspective. One strategy is to accentuate your productivity to the company given your ability to work from home . Suggest a trial period to determine the comparative productivity and assess your bottom line.

Before you start counting your money, however, other factors could through your game plan off. According to a paper from the University of Chicago’s Becker Friedman Institute for Economics, many workers would be willing to take an average pay cut of 7% to work from home two or three days a week. What if your boss comes up with that response, and your annual income is reduced? Are you still willing to work from home or exchange working from home versus saving against income reduction?

Reduced Slick Days

Working from home could reduce your medical costs and the contribution to your employer’s medical plan. With health care costs rising, you could reduce personal health care cost, through having the ability and flexibility to work from home, cancelling the gym membership, and the costs associated with it, and scheduling more exercise time as needed. While a reduction in those costs can be financially beneficial to you how are you going to convince your employer that it benefits the company?

What do I mean by calling in slick? Well, calling in slick is really calling in sick when you are not sick, so that you can have the day off. A number of surveys have revealed that employees who work from home, call in sick less frequently than those who show up at the office every day. Impress upon your employer the importance of work-life balance, mental health and wellness. Savings to the company in the area of health care costs could incentivize this proposal. Think through your list of reasons why working from home could benefit both you and the company economically.

WHAT’S UP!

According to a recent lending tree survey, at least one third of credit card holders have had their credit card limits reduced in the first four months of 2021. The survey also shows that 30% of card holders have started using infrequently used credit cards, just to avoid their accounts from being closed or limits reduced. Credit card companies are getting aggressive with their behavior in 2021. Pay attention! And that’s what’s up!

Ruthven R. Phillip, Esq., is a tax attorney, Stewardship and Philanthropy Ministry Assistant, and CEO of Give2Getrich, LLC . Give2Get Rich, LLC 2021. All Rights Reserved. Any distribution or reproduction of part or all of the contents in any form is prohibited.

 

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