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

successful

Successful People Share Their 'Easy Money' Secrets

Having a little extra cash at the end of the day is never a bad thing, right? Successful people answer “What is your way of making ‘easy money’?"
April 7, 2021 Eul Basa
112

Rich People Share The Easiest Way To Make Over $100K a Year

While many people live pay-check to pay-check, there are those who are able to earn over over $100K a year. Here are their stories.
May 21, 2019 Eul Basa
1

Dishonest People Confess The Most Unethical Way They've Made Money

We searched the web for the most unethical ways people have made money and the answers have been both hilarious and frightful.
April 7, 2021 Eul Basa
123123123

Regretful People Share The Most Expensive Mistake They've Ever Made

Often the biggest mistakes we make are the ones that end up teaching us the most. We ask the Internet, “What's the most expensive mistake you've ever made?”
September 16, 2018 Eul Basa
easymoney

The Biggest Money Mistakes People Are Making, As Told By Successful Savers

Whether we step in or not, watching other people make silly money mistakes can be frustrating, especially if you've made those same mistakes. 
August 25, 2018 Eul Basa



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