Potential productivity benefits from WFH
Working from home removes the need for employees to travel to the workplace which not only reduces travel costs, but can increase the number of hours employees work if they spend the time
they would have otherwise spent on travelling, on work. A number of studies have also found that employees report getting more work done from home.
According to a 2014 report by the Centre for Economics and Business Research (Cebr), a shift to a flexible working environment could potentially add an extra £11.5bn per year to the UK economy through the more productive use of available working hours, the equivalent of 0.7% of GDP.
Working from home and flexible working cultures may also have the potential to encourage economically inactive or unemployed individuals to return to employment, which could potentially boost GDP by up to 4.7%, according to Cebr.
There are potential indirect impacts on productivity from working from home. A number of surveys have found that at least 40% of respondents feel that working from home has allowed them to achieve a good work-life balance and be more flexible with their time. This can have knock-on effects on productivity with research showing that higher employee wellbeing is associated with higher productivity.
Similarly, the lifestyle benefits that can stem from working from home and a flexible working culture can increase job satisfaction and employee engagement which, in turn, can improv performance at work and reduce attrition