A new report from First Insight shows just how impactful inflation is on remote and hybrid workers.
According to the data, 56% of remote and hybrid workers stated that inflation has raised concerns about their current salaries compared to 51% of in-office employees.
Additionally, 62% of these distributed workers said that high grocery prices were having a negative impact on their daily lives compared to 55% of in-office workers.
Across the board, workers have become disillusioned by record-high inflation and stagnant salaries. However, it is remote and hybrid workers that are disproportionately cutting back on spending as a result, with 39% cutting back on premium groceries compared to 33% of in-office workers.
This trend echoed in other categories, such as spending on entertainment, apparel, and travel.
“Employers who believe they are doing the right thing by continuing the remote/hybrid way of working may actually be doing their workforce a disfavor if they are not overly communicating with their teams,” said Greg Petro, CEO at First Insight.
“Whether caused by less in-person connectivity, lack of communication or a varying schedule, the remote/hybrid workforce clearly has more concerns about how inflation will hit their wallets than their in-office counterparts.”