Work paradigms are shifting; it won’t be long before the days of time clocks and check-ins and butt-in-seats slowly fade-out, instead replaced by remote employees and a remote workforce.
There are many benefits to working remotely – productivity rises, morale is higher, and you open yourself up to a greater potential pool of employees, not restricted by geography. Companies can save money by reducing rent/office locations required for multiple employees, and it can serve as a great recruiting tool.
For some, there is something tangible about having an office to go to every day, not to mention the social aspect of face-to-face interactions, and the camaraderie that breeds. An in-the-office environment also allows for greater oversight, allowing bosses and managers to ensure employees are meeting a standard of productivity (although, if you need to look over your employee’s shoulder, perhaps you need better employees?).
But here’s a thought I had never considered, until an article by Quartz popped up on my feed – the cost of commuting on MY pocketbook.
According to the piece (and granted, it is very anecdotal), working at the office costs me in the neighborhood of $2,500 a year, when you include coffee, lunch and the price of a daily commute (not including vehicle depreciation, insurance, blah blah blah).
Time is Money
Not to mention, Quartz estimates that I spend almost 240 hours a year on my commute, time that theoretically I could spend working more, or working out, or even sleeping. Plus, that $2,500 is cash-in-hand, so it’s like a raise, or a bonus (and it’s after tax cash, too).
Here at WorkBook6, we have flexible work environs, with remote staff in each of Los Angeles, Denver and Boston, in addition to our world headquarters here in Tempe. And while the idea of working at the home office is enticing (and something I take advantage of occasionally), to me, there’s nothing like the buzz and noise and atmosphere and just general sense of team that comes with being in the office every day.
So what say you? Could you give up the office to work-at-home? Is that a deal-breaker when negotiating your next position? Does the savings actually equal free cash, or do you have to buy lunch no matter where you are?