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

House prices started to rise again in 2023,...

January 5, 2024

Royal Mail boss Simon Thompson to step down

May 15, 2023

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

August 1, 2023

Only 1 in 200 fraud cases lead to...

November 15, 2022

Trump’s tariff war may have catalysed UK-India trade...

May 7, 2025

Understanding Email Segmentation: Targeting the Right Audience for...

November 20, 2024

Record Surge in UK Business Start-ups Signals Resilience...

February 12, 2024

Open letter calls for urgent Treasury Select Committee...

July 16, 2025

Fuel Ventures leads £1.5M seed round in Groov...

November 12, 2024

Gary Lineker Scores Big with Podcasts as Football...

June 29, 2024

    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

    • Trump’s Debanking Order Calls for Investigation, Something Tennessee Should Have Done

      August 10, 2025
    • Rachel Reeves ‘underestimated’ parents’ prepayment push to avoid private school VAT

      August 10, 2025
    • Trump nominates State Department spokeswoman Tammy Bruce as UN deputy representative

      August 9, 2025
    • Kash Patel celebrates major FBI achievements and record seizures during Trump’s first 200 days in office

      August 9, 2025
    • The Ivy faces legal challenge from waiter over share of tips and service charges

      August 9, 2025
    • Smarter mining, more stable returns: RICH Miner launches convenient cloud mining app supporting XRP and BTC

      August 9, 2025

    Categories

    • Business (8,731)
    • Investing (2,191)
    • Politics (16,349)
    • Stocks (3,228)
    • 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