June 19, 2023 | Eul Basa

Why Working From Home Is Here To Stay


In light of the COVID-19 pandemic (still ongoing), many office workers have found themselves working from home for the first time. While the virus will go away (eventually), it seems more likely that working from home is here to stay. 

Let’s take a look at some of the reasons why it’s unlikely working life will just ‘go back to normal’ once this is all over. 

By popular demand

Popularity is perhaps the most convincing reason why working from home is here to stay. A recent YouGov survey sought Americans’ opinions on couch labor, and the results were pretty telling.

26% of Americans say they enjoy working from home a lot, while 30% enjoy it somewhat.

What are the most popular benefits? 68% say they appreciate not having to commute; the same number enjoy the option to wear whatever they want; 60% like that they can do household chores while they work; 53% prefer the option to work more flexible hours. 

It’s not all positivity, however. Fewer people believe working from home makes them more productive (22%), more focussed (18%), or more inclined to avoid distraction (17%).

Another recent study found that 47% of surveyed workers would actually be willing to take a pay cut in order to work from home at least some of the time.

Now that so many people have had a free trial, it seems likely that working remotely will remain an increasingly popular option in the post-COVID world.

Benefits for employers

If working from home only helped workers, we would be less confident that it’s here to stay. However, it’s worth pointing out that there’s major upside for employers as well. Now that COVID has forced so many companies to try it, it will be hard for them to deny the benefits.

In the first place, since it’s obvious so much work can be done remotely, why should anyone pay for unnecessary office space? In a volatile economy, employers will be looking to slash overhead. Selling off prime business real estate is an attractive option. This trend was already accelerating prior to the pandemic.

A common myth about working from home is that it’s actually ‘shirking from home.’ But another recent study found the opposite was in fact true. 

In this study, 900 call center workers were given the chance to work from home for 9 months. Over that time, they substantially outperformed their peers in the office. Callers working from home did 13% more work, working more minutes per shift and making more calls per minute. Their attrition rate was also 50% lower than their colleagues who weren’t working from home, and they reported higher job satisfaction.

All of those numbers represent huge potential value for employers, and suggest working from home could be a win-win. That’s why we think 2020 will be remembered as the year ‘the office’ became obsolete. Among other things.


READ MORE

40 Ways To Lower Your Living Expenses In 2025

We've all been feeling the pinch of inflation in 2024—everything has increased, from gasoline to clothing, food, and much more. Looking ahead into 2025, many of you may want to decrease your living expenses without necessarily having to take drastic financial measures or make massive lifestyle changes. Here are 40 ways to lower your living expenses next year.
December 11, 2024 Jack Hawkins

Finance Guru Dave Ramsey's Best Money Advice

Podcaster and financial guru Dave Ramsey went from a millionaire—to broke in his twenties—and then re-gained his financial status in his thirties. Find out how he did it and how it could work for you by adopting some of Dave's best financial advice.
December 11, 2024 Jack Hawkins

25 Smart Ways To Save Money While Travelling

Exploring national or international places won’t cost a fortune with smart strategies. Prior research, creative planning, and soft skills can save a lot more than most people might think!
December 11, 2024 Jane O'Shea

Hacks To Save Money On Groceries Without Sacrificing Quality

Grocery shopping shouldn’t always be expensive. Actions like smart shopping, meal planning, and substitution hacks can change those grocery trips from budget busters into money-saving victories.
December 10, 2024 Jane O'Shea

Side Hustles Vs. Part-Time Jobs: Which Makes More Cash?

Whether you're looking for part-time jobs to make ends meet or a side hustle to earn extra cash, let's explore which type of money-making gig would work best for you.
December 9, 2024 Jack Hawkins

The Most Lucrative Side Hustles You've Probably Never Even Heard Of

These days everyone wants a side hustle—but it seems like whenever you try to find one, the same suggestions always come up. However, the truth is there are plenty of ways to add to your bank account that you've probably never even thought about before. Such as...
December 9, 2024 Jesse Singer



Dear reader,


It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.


Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!


Warmest regards,

The Moneymade team