Many workers say they'd take a pay cut to be able to work from home at least a few days a week, according to academic studies. They see work-life balance as the biggest advantage of remote work. Others say they feel less connected to co-workers and see fewer opportunities for mentoring.

The researchers found that tech employees are willing to accept a nearly 25% pay cut for remote rolls — which they say is three to five times the pay cut cited in previous studies. That’s because previous studies may understate how strong worker preferences are for remote work, the researchers said.

A new study conducted by professors at Harvard found that 40% of workers would be willing to take a pay cut to keep working from home rather than return to the office.