A London law firm has offered staff the option to work from home permanently... if they take a 20% pay cut.
As first reported by law firm news outlet rollonfriday.com, all employees and lawyers (with the exception of partners) at City firm Stephenson Harwood have been given the ultimatum amid ongoing debates about the role of hybrid and homeworking, following the end of the UK Government’s Covid-19 restrictions.
Currently, the company’s 1,100 employees, based in offices in London, Paris, Greece, Hong Kong, Singapore and South Korea, have the option of working from home for up to two days a week. But according to The Times, junior lawyers at the company who wish to take up home working full-time would see their starting salaries of £90,000 drop to around £72,000.
And a spokesperson for the firm confirmed to the publication that anyone taking up the offer of permanent homeworking was likely to be ruled out of opportunities for promotion to partnership level.
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