Business Irish

Friday 20 October 2017

Firms set to save €2.6bn with home work

Louise McBride

Louise McBride

SOME see it as an excuse to skive off work and wear pyjamas, yet Irish bosses could save themselves €2.6bn if they allowed more of their staff to work from home, according to the chairman of Amarach Research, Gerard O'Neill.

The billions of euro in home-working savings up for grabs in Ireland are likely to be a fraction of those in the United States, where Yahoo boss Marissa Mayer recently demanded that all of the company's home workers report back to the office and work only from there.

The telecommuting ban from Mayer, who reportedly built a nursery near her office for her young son, has led to uproar among home workers.

Mayer's ban also runs counter to recent research which has highlighted the benefits of working from home, including an increase in worker productivity and a reduction in sick days and breaks.

Employers also underestimate the amount they could save by allowing their staff to work from home, according to research published by Vodafone UK last week.

The research found that British companies could save stg£34bn if more staff worked from home – and that these savings were largely generated by freed-up desk space.

Meanwhile, the number of Irish staff working from home is low – even amongst those companies which have given the green light to it. About 117,000 businesses allow their staff to do some work from home, according to UPC.

Irish Independent

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