Remote Work: A new study reveals that people who work remotely are now investing the time they would otherwise spend commuting to do different things.
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According to the National Bureau of Economic Research working paper, Time Savings When Working from Home, researchers estimate that nearly 40% of the commuting time savings for those working from home are utilized in both primary and secondary work activities. An additional 34% goes to leisure activities, while 11% is devoted to caregiving duties.
Analyzing information from 18,995 workers surveyed in 27 countries between 2021 and 2022, researchers revealed that the time saved by working from home (WFH) is an average of 72 minutes per day! This is time that would otherwise be spent commuting. The US was at the bottom of this scale with a saving of 55 minutes compared to Japan, India and China who had an average of 99-102 minutes saved daily through WFH.
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Compared to global averages, the US came in pretty close. Those working from home in the US spend 42% of their commute time on work tasks, 35% on leisure activities, and 8% on caring for others.
Taiwan -related activities. India and China followed with 47% and 46%, respectively. Meanwhile, European countries such as Austria, Spain and Germany spent over 40% on leisure activities.
Even more notable are the benefits of working from home (remote work), according to the study. Working remotely offers much greater personal value in a number of ways. Think about how WFH saves both time and money by not having to commute—plus, it gives people extra flexibility in when work gets done and gives individuals even more autonomy than they usually would. Not only that, but grooming for work is also less necessary when you’re at home!
According to researchers at the Federal Reserve Bank of New York, Americans are not only using their extra commute time for work and leisure activities, but also for sleeping. However, they had reduced their total hours of paid work because they were doing other activities, such as sports and leisure activities.
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Most CEOs want staff back in the office and are looking to 2025 as the year the 9-to-5 day returns to the office, according to a KPMG of 1,325 CEOs.
Information source: zdnet.com
