Wednesday, November 13, 2019

How much of a pay cut people would take to work on other things

How much of a pay cut people would take to work on other things How much of a pay cut people would take to work on other things Money isn’t everything to everyone - even in the working world.  New research from CreditLoan.com found that women would take “a pay cut” of 20.1% if it meant they had more time with their kids, while men would take 12% less.The company surveyed 1,015 current American workers, ages 13 to 73, noting that the numbers are based “on self-reporting.”Family is keyOn the other end of the spectrum, women would just take 1.9% less of their paycheck for more time spent on “hobbies/recreation,” while men would take 2.3% less.But while women who put family first make an average of $46,796 annually, men who put their kids first make an average of $66,882 in the same time period.What different generations would take less cash to have more ofMillennials would take 7.7% less money if they could put their “marriage/romantic relationships” first, while Generation X would take 11.4% less for more time spent on the same thing. Baby Boomers would take 9.3% less for more time with their kids.Furthermore, for millennials and people in Generation X, spending more time with family was linked to having more cash- the former made $4,000 more annually, and the latter made $8,000 more in that time period.The research shows that employees think there’s more to life than a paycheck.

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