Forget about remote work if you want more than $200,000 a year

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If you want to make US$200,000 or more a year, prepare to dust off your work clothes.

Remote work opportunities for high-wage earners have fallen since the third quarter of 2022, according to a report by Ladders, a career site for professionals in North America. Such listings for jobs that pay at least US$200,000 declined to about one in 10 by December from three in 10 at the end of 2022.

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And hybrid work listings have also dropped dramatically, to about three per cent from 16 per cent at the beginning of 2023. The trend was similar in both technology and non-technology sectors.

“The research showed applicants increasingly have to choose between going with the biggest paycheque or getting to stay home,” said John Mullinix, marketing director who led the analysis at Ladders, which has more than seven million members seeking six-figure jobs.

A separate analysis by Indeed Hiring Lab from its listings found that postings in sectors with a high share of remote-eligible roles have declined, while demand for in-person jobs remains at levels higher than the period before the COVID-19 pandemic.

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Ladders also determined that the competition for jobs that pay US$200,000 was fiercest in the marketing, media and design fields. Meanwhile, high-paying jobs with the least competition were in the health-care sector, given the skills needed and lack of qualified applicants.

“Considering America’s aging population and increasing need for medical professionals, I expect health care will remain a top high-paying job for decades to come,” Mullinix said.

Bloomberg.com

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