Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Homeworking means over an hour extra time to work each day

by January 25, 2023
January 25, 2023
Homeworking means over an hour extra time to work each day

Working from home has saved Britons an average of 73 minutes each day, according to new research.

Most of the time saved has been divided almost equally between more work and leisure activities, a report by the National Bureau of Economic Research found.

The shift to working from home began almost three years ago, when pandemic lockdowns were enforced. The time saved in Britain puts it slightly ahead of the average in 27 countries, which stood at 72 minutes. In the United States, only 55 minutes have been saved; in China, it is 102 minutes.

British homeworkers devoted an average of 38 per cent of their daily time savings to work on a primary or secondary job, according to the NBER’s working paper, and 39 per cent to leisure. An average of 9 per cent went to caregiving.

“The pandemic-induced shift to work from home yielded large private benefits in the form of commute time savings,” the paper said. Homeworking “expands personal freedom, improves life quality, brings new employment opportunities and builds social capital in residential communities”, it added, citing Going Remote, a book by Matthew Kahn, the urban economist.

Some leading executives, including Jamie Dimon have been critical of homeworking. The practice “doesn’t work for young kids, or spontaneity, or management,” the JP Morgan boss told CNBC at the World Economic Forum in Davos last week. Occupancy in offices across ten of America’s largest cities has recovered to 47 per cent, according to a weekly barometer from Kastle Systems.

During 2021 and 2022, the report estimates that homeworking saved an average of two hours per week, per worker, including those who never work remotely. This is expected to fall to about one hour per week, per worker after the pandemic.

Read more:
Homeworking means over an hour extra time to work each day

0
FacebookTwitterGoogle +Pinterest
previous post
Amazon workers stage first British warehouse strike in battle over pay
next post
Technology leaders press the PM on semiconductor policy

You may also like

Amazon to launch humanoid robots to ‘free up’...

October 19, 2023

Increase in employee theft raises concerns for future...

April 3, 2023

Mulberry rejects £83 million takeover bid from Frasers...

October 1, 2024

AI drives up Microsoft revenues to record $62BN

January 31, 2024

Rising Online Crime Propels Reported Fraud to Soaring...

February 19, 2024

Red tape risks turning city into ‘graveyard’, warns...

October 18, 2024

Government launches £40 million fund to unlock 5G...

August 1, 2023

8 Ways To Improve Website Security

September 5, 2022

Understanding the Role of Security Guards in Crime...

May 17, 2024

Why a Drill-Powered Water Pump is a Must-Have...

April 10, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Wagyu Farmer in Congress Wants Tariffs on Australian Wagyu

      May 15, 2025
    • Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix

      May 15, 2025
    • Dems divided on Trump’s executive order aimed at slashing drug prices

      May 15, 2025
    • Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions

      May 15, 2025
    • Trump makes historic UAE visit as first US president in nearly 20 years

      May 15, 2025
    • How Automated Packaging is Revolutionizing Supply Chains

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,962)
    • Politics (15,232)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved