Global return to office may require over 5% pay hike, finds new research by Bloomberg Intelligence

Employers worldwide may have to pay workers an extra 5 percent to entice them back to the office full time, according to a series of Bloomberg intelligence surveys conducted in New York, London, Paris, Tokyo, Hong Kong and the UAE. The study, which analyzed factors such as compensation, office amenities, commuting, work-life balance, and social opportunities, found that workplace flexibility is entrenched in all cities, yet staff may still be attracted to well-designed, modern offices by the combination of social interaction and a pay increase.

For those in London, retaining office-based staff may require higher compensation, with 42 percent of workers stating they would ask for a raise if they were not given any flexibility. Thirty-seven percent of Londoners said they would ask for a pay rise of 11 percent or more if they had no scope to work remotely and stayed at the same company.  Similarly, of the 39 percent of Parisians who would require a pay rise to return to workin