1/6Work-from-home vs Full time
Does your manager get annoyed whenever you ask for work-from-home option? Or your company believes that working from home reduces an employee’s productivity and only offers full-time employment. Well, Stanford professor Nicholas Bloom conducted a study to figure out how work-from-home impacts an employee’s performance and had some insightful findings to share.
2/6How the study was conducted
Bloom divided 500 employees of a company into two groups. The first batch of workers continued working from the office headquarters while the others were allowed to work from home. The latter batch had one private room in their house to work from, broadband access and at least six months tenure with the organisation.
3/6The benefits of telecommuting
Interestingly, the study pointed a excellent productivity boost in telecommuters’ work. The reason? These participants found it easier to focus on work at home. In fact, they worked a full-shift in comparison to the other employees who arrived office late or left early in the evening multiple times in a week.
4/6What about the attrition rate?
Surprisingly, the attribution rate of the employees who worked from home dropped by 50 per cent, and they took shorter breaks and fewer sick leaves. Also, this led to less carbon emission as they did not have to commute to the office every day. Indeed, a win-win situation!
5/6How the company profited
Apart from better work productivity, the company saved 2000 dollars (that’s around 1,42,620 INR!) per employee in this two-year study because it significantly reduced the amount spent on renting the office headquarters.