Remote work reducing salaries, tech pros also affected

It’s time to forget remote working if you’re looking for higher pay – the biggest salaries are earned in the office, according to a new report shared by the World Economic Forum (WEF).

According to the data of career website Ladders, only about 12% of jobs paying $200,000 or more can be done remotely, data from the last three months of 2023 shows. Listings for high-paying remote jobs have been falling since the third quarter of 2022, when the share was at 37%.

The situation is even worse for hybrid high-paying jobs, which offer a mix of remote and in-person working. Job adverts in this range in the US have fallen from almost 16% of high-paid job listings in the first three months of 2023 to about 3% in the last three months of the year.

Both technology and non-technology sectors clearly show this trend, Ladders says.

Among the 20 highest-paying jobs, 12 positions are for healthcare professionals, including psychiatrists. Software engineers and tax and legal professionals are also on the list.

Despite the trend of high-paying remote jobs disappearing, the World Economic Forum still expects that remote working is here to stay.

“Many high-wage jobs are still increasingly available remotely,” according to the WEF post. “Workers want remote working.”

In Davos this year, at the Forum’s annual meeting, the role of the office and remote working was discussed in one of the sessions.

LinkedIn co-founder Allen Blue confirmed the declining trend in fully remote job listings but assured that interest in remote work was still high among job seekers. LinkedIn saw work-from-home jobs fall from a peak of 20% of job listings in April 2022 to 8% in December 2023.

“The interesting thing is that the interest among employees in taking remote or hybrid work has remained strong. So even though we've seen a 50% reduction in the number of jobs that are actually presented as remote, we still see that those remote jobs and hybrid jobs are attracting 46% of all the applications our users make to those jobs. So there's a clear interest on the part of employees to have the flexibility offered by remote or hybrid work,” Blue said.