Working in person is great for collaboration, but bad for workers’ wallets.
According to a new Gallup poll, 59% of Americans that have the ability to work remotely were doing so for the majority of the time.
It’s no wonder why — working from home allows for shorter morning commutes, better work-life balance and, perhaps most importantly, decreased daily costs.
During an era when inflation is causing the cost of living to skyrocket, workers are becoming more conscious of their spending habits. For many, working from home helps make budgeting easier.
In fact, a report from Owl Labs shows that in-person workers spend around $45 per day on commutes and meals, which could add up to $863 per month, nearly twice as much of the average expense for a remote worker.
However, companies are ready for employees to return, with many major corporations ending their work-from-home policies following Labor Day in early September.
With forced office reentry, professionals are increasingly likely to walk away from their jobs if they cannot maintain some semblance of flexibility. And with a recession looming overhead, companies cannot afford to lose their top talent today.