Beaker Blog

Taxing the WFHers?...a Closer Look...

Nov 30, 2020 10:56:44 AM / by Dana Young

In the fifth and final blog in our WFH series, we note the dynamics and considerations of the Work From Home (WFH) movement that continue to seemingly change on the fly and without much warning.  Case in point is a recently released survey by Deutsche Bank that proposed a "privilege tax" of 5% for those who continue to work remotely after the COVID-19 pandemic. 

A recent article published on CNBC.com summarized several key takeaways from the survey:

  • Over 50% of remote workers want to continue a WFH arrangement after COVID-19 for 2-3 days/week.

  • By assessing a 5% tax on those workers' salaries for their remote days, $48 billion a year would be raised in the US.

  • The WFH privilege tax could also net the UK £6.9 billion and nearly 16 billion Euros in Germany.

  • The goal is to pay for grants to low income workers who are not able to work from home for whatever reason.

    It remains to be seen, of course, whether this type of tax would (or could) ever be adopted.  But it underscores the need for Talent Acquisition teams in Life Sciences to proactively identify and track the movements of top talent to maintain a competitive edge with talent attraction and recruiting. 

    In the interim, clients of all sizes and across Life Sciences continue to rely on
    Beaker’s Talent & Marketing Intelligence services and Talent Pipelines to provide real-time, custom snapshots of their target talent with confirmed current locations. 


    For more Life Sciences Talent insights and trends, scroll to the right and subscribe to our email alerts. 

Tags: COVID, Coronavirus, Work From Home, Talent Intelligence, Diversity, Hiring, Recruiting, Executive Search, Talent, Talent Pipeline, Life Sciences Recruiting, Biotechnology, Pharmaceuticals, Boston Life Sciences, San Francisco Life Sciences, #WFH

Dana Young

Written by Dana Young