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Employees at London regulation agency can make money working from home full-time – in the event that they take 20% pay reduce | Working from residence

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Employees at a prime London regulation agency have been informed they will make money working from home completely – however they must take a 20% pay reduce.

Managing companions at Stephenson Harwood are providing legal professionals and different employees the choice as Metropolis corporations attempt to transfer past solely office-based working in a post-pandemic cultural shift to versatile and distant fashions.

Junior legal professionals on the firm have beginning salaries of £90,000, that means anybody taking on the officer would lose about £18,000.

Stephenson Harwood, one of many prime 50 highest incomes authorized corporations within the UK and with its headquarters in London, employs greater than 1,100 individuals and has places of work in Paris, Greece, Hong Kong, Singapore and South Korea.

A spokesperson for the agency informed the Instances that the brand new working coverage would apply to employees at its London workplace and a lot of the firm’s worldwide places of work. Companions is not going to be eligible, although. Full fairness companions obtain a mean of £685,000 yearly.

The brand new wage sacrifice for full distant working coverage is being launched after the corporate’s expertise of recruiting legal professionals in the course of the coronavirus pandemic who weren’t based mostly in London, the place dwelling prices are usually greater.

Nonetheless, the corporate stated it anticipated only some employees to take up the full-time make money working from home choice as a result of “for the overwhelming majority of our individuals, our hybrid working coverage works properly”.

Employees have already got the choice of working remotely for 2 days per week.

“Like so many corporations, we see worth in being within the workplace collectively frequently, whereas additionally having the ability to supply our individuals flexibility,” the spokesman stated.

Whereas many corporations are methods to entice staff thriving on versatile and distant working to return to the workplace, Airbnb has moved within the different course, asserting that its employees can dwell and work wherever they need.

On Thursday, Brian Chesky, Airbnb’s co-founder and chief govt, tweeted that workers may work from wherever within the nation they dwell with out having to take a pay reduce.

As well as, he stated employees had the flexibleness to “to dwell and work in 170 international locations for as much as 90 days a 12 months in every location”, as a part of a plan that will even contain “most” employees connecting in particular person for a few week each three months.

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Final month, a pilot programme involving greater than 3,000 staff at 60 corporations throughout Britain participating in a four-day working week trial was introduced.

The scheme, regarded as the largest trial wherever on the earth, will run initially from June to December.

It comes because the push for corporations to undertake a shorter working week – crucially with no lack of pay whereas aiming for greater productiveness – positive aspects momentum as a approach of enhancing working situations.

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