Why Working From Home Is Here To Stay

Why Working From Home Is Here To Stay


June 19, 2023 | Eul Basa

Why Working From Home Is Here To Stay


In light of the COVID-19 pandemic (still ongoing), many office workers have found themselves working from home for the first time. While the virus will go away (eventually), it seems more likely that working from home is here to stay. 

Let’s take a look at some of the reasons why it’s unlikely working life will just ‘go back to normal’ once this is all over. 

By popular demand

Popularity is perhaps the most convincing reason why working from home is here to stay. A recent YouGov survey sought Americans’ opinions on couch labor, and the results were pretty telling.

26% of Americans say they enjoy working from home a lot, while 30% enjoy it somewhat.

What are the most popular benefits? 68% say they appreciate not having to commute; the same number enjoy the option to wear whatever they want; 60% like that they can do household chores while they work; 53% prefer the option to work more flexible hours. 

It’s not all positivity, however. Fewer people believe working from home makes them more productive (22%), more focussed (18%), or more inclined to avoid distraction (17%).

Another recent study found that 47% of surveyed workers would actually be willing to take a pay cut in order to work from home at least some of the time.

Now that so many people have had a free trial, it seems likely that working remotely will remain an increasingly popular option in the post-COVID world.

Benefits for employers

If working from home only helped workers, we would be less confident that it’s here to stay. However, it’s worth pointing out that there’s major upside for employers as well. Now that COVID has forced so many companies to try it, it will be hard for them to deny the benefits.

In the first place, since it’s obvious so much work can be done remotely, why should anyone pay for unnecessary office space? In a volatile economy, employers will be looking to slash overhead. Selling off prime business real estate is an attractive option. This trend was already accelerating prior to the pandemic.

A common myth about working from home is that it’s actually ‘shirking from home.’ But another recent study found the opposite was in fact true. 

In this study, 900 call center workers were given the chance to work from home for 9 months. Over that time, they substantially outperformed their peers in the office. Callers working from home did 13% more work, working more minutes per shift and making more calls per minute. Their attrition rate was also 50% lower than their colleagues who weren’t working from home, and they reported higher job satisfaction.

All of those numbers represent huge potential value for employers, and suggest working from home could be a win-win. That’s why we think 2020 will be remembered as the year ‘the office’ became obsolete. Among other things.


READ MORE

Retirement Planning Internal3

10 Brilliant And Fun Ways To Beef Up Your Retirement Bankroll

Discover ten fun and easy strategies to boost your retirement income. Transform your golden years into an exciting new phase of life with these practical financial tips. Dive into dividend-paying stocks, explore peer-to-peer lending, consider annuities, and more. Add a twist to your retirement planning and make your relaxation years even more rewarding.
September 15, 2023 Allison Robertson

The Most Dangerous Jobs in the World

Discover the 15 most dangerous jobs in the world, and how much they pay. Learn about danger pay, PPE, and the risks associated with each job.
December 12, 2023 Allison Robertson
Cheap Hobbies Internal

Beat the Cold Without Burning Cash: Unique Indoor Hobbies on a Budget

Discover 15 unique and budget-friendly indoor hobbies perfect for the cold winter months. From DIY crafting to culinary experiments, this guide offers creative ways to stay entertained without straining your wallet. Dive into these cost-effective pastimes and make the most of your indoor time.
September 15, 2023 Allison Robertson

The True Cost of Cheap: Why Opting for Lower Prices Now Might Cost You Later

Explore the unforeseen pitfalls and hidden costs of opting for cheaper products. This in-depth article unravels the financial, ethical, and personal impacts of choosing lower-priced items and provides alternatives to help you make savvy, sustainable spending decisions, ensuring your choices are economical and ethical in the long run.
October 15, 2023 Miles Brucker

The Least Desirable Jobs

Discover 10 jobs that pay well that nobody wants to do. From working with lifeless bodies to crab fishing, find out why these jobs are not desirable and how much they pay.
January 11, 2024 Allison Robertson

Top 10 Careers of 2023: Where Opportunity Meets Demand

Discover the top 10 best jobs of 2023, encompassing sectors like technology, healthcare, renewable energy, and digital marketing. Learn about the roles, salaries, and reasons why these jobs stand out in today's evolving job market, offering exciting opportunities for professionals across various industries.
November 20, 2023 Allison Robertson


Disclaimer

The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.





Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team