Brits can save £300 per year by working from home

New study suggests remote workers spend around £6.24 per day as compared to the £11.97 of office workers

LONDON, ENGLAND — There’s now an exact figure to go along with the countless studies that have suggested Brits actually save money by working from home instead of going into the office, thanks to recent data provided by Banner.

The organisation, which provides digital workplace solutions, recently undertook a study that found remote workers are saving an average of £300 per year as compared to their counterparts who work in-person.

UK remote work

“Banner’s data proves once and for all that the cost savings is very real, too.”

Remote Worker CEO Joseph Boll, commenting on the study, said, “This is just one more reason to support and encourage remote working.

“There have already been proven benefits on work-life balance, productivity, flexibility and mental wellness.

“Now, Banner’s data proves once and for all that the cost savings is very real, too.”

In summarising its findings, Banner noted, “A single day of home working each week could save the average person £5.73 per day.

“[That’s] between £22.92 and £28.65 each month, or a whopping £297.96 per year, when factoring in average commuting costs, a morning coffee, and lunch.”

The results indicated that office workers pay an estimated £11.97 every day for the cost of: commuting to work as well as daily coffee, lunch and snacks.

Meanwhile, in comparison, home workers were estimated to spend £6.24 per day on coffee, lunch, snacks and gas/electricity.

Embracing remote working

Banner Private Sector Managing Director Vivian Slater likewise underscored the benefits for employees and employers thanks to remote working.

UK remote work

“Hybrid working has become an HR must-have.”

“Done properly, getting a mix of home and office-based working right has real potential to lessen the impact of the rising cost of living for employees while protecting their well-being,” Slater said.

“From a business leader’s perspective, that means higher productivity and better staff retention at a time when those things could not be more crucial."

However, despite these findings, Banner lamented, “But many organisations still haven’t had the chance to fully optimise a hybrid working model.”

As such, it emphasised that businesses who are lagging behind have no time to waste as the labour shortage continues to create hiring challenges.

“As businesses in every sector struggle to fill positions, hybrid working has become an HR must-have,” it asserted.

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