The back-to-office backfire: Companies ending WFH perks lose out on top talent
I live outside London in the UK, and the cost of travelling in daily is around $7500/year taking into account train and parking costs. Most software engineer will be in the 40% tax bracket for the top end of their salary. That means a company need to pay an additional $12500 to just break even.If you do live in London, you will reduce your travel costs but your rent goes up. I don't have figures for this, but I expect it will work out roughly the same.That is not even taking into account the costs of extended child care,etc.