REVEALED | The cost of homeworking vs going back to the office

The cost of homeworking vs going back to the office

In 2021, a large portion of UK employees are continuing to work from home offices and coffee tables in light of the coronavirus crisis.

Yet, with Prime Minister Boris Johnson unveiling a ‘roadmap’ out of lockdown - where restrictions could be dropped from June 21 2021 - some workers could be considering returning to a physical office.

As such, new data from Heating Wise has looked into some of the different costs of working from home compared to working in the office. Commutes, heating bills and lunches were among the things taken into account.

Work commutes

A big consideration for staff could be the financial impact of commuting to work once again.

Homeworkers can save a considerable amount of money when working from home as no travel is required.

The research also totted up the cost associated with commuting to the office both via public transport and car.

For example, commuting to the office based on a 1-4 London travel card costs £53.20 a week on average, with a whopping average annual cost of £2,128.

When it comes to driving to the office (based on a Ford Fiesta at £326.40 a year) and based on a 20-mile round trip, the data calculated a monthly average cost of £27.20.

So, working from home could save employees a considerable amount of money when it comes to getting to and from work.

Lunch

Another aspect that could influence a workers’ decision to return to the office could be lunchtime costs.

When working from home (based on an 11-month working year with an average spend of £2.18 per day), the data calculated a weekly average cost of £10.90.

Over the course of the year, this could be an average cost of £479.60.

Yet, when going into the office, the average lunch at work (based on an 11-month working year with an average spend of £6.20 per day) costs £124 monthly.

Over the course of the year, this could be an average cost of £1,364.

Based on this data, the study calculated that working from home comes out on top with a staggering 111.429% saving.

9-5 heating

Another top consideration for staff could be the cost of heating bills, particularly when the weather gets colder.

Recent research suggested that homeworkers see a £5.04 a month increase in their heating bills.

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As such, when working from home, this would be a monthly average cost of £5.04, and an annual average cost of £55.44.

On the flip side, office-based staff won’t have to incur these costs.

8+ hours of electricity

Elsewhere, the research also looked into the cost of electricity for both homeworkers and those working from the office.

With data suggesting that electricity bills can rise by 18% for those who are working from home five days per week, the data looked at the cost of homeworking based on a three-bedroom home.

Monthly, the study calculated it as a £24.42 increase MOM. Yearly, the study calculated a £268.62 increase YOY.

With the data showing that employees can save different costs when working from home and working from the office, it is possible that staff will want the flexibility to take advantage of both.



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