Work from Home as a Tool for More Efficient Business Cover Image

Práca z domu ako nástroj pre efektívnejšie podnikanie
Work from Home as a Tool for More Efficient Business

Author(s): Matúš Baráth, Dušana Alshatti Schmidt
Subject(s): Economy, Business Economy / Management, Human Resources in Economy
Published by: VERBUM - vydavateľstvo Katolíckej univerzity v Ružomberku
Keywords: Labour Cost; Work from Home; Flexibility; Home Office; COVID-19

Summary/Abstract: At the beginning of the pandemic an involuntary implementation of work from home practices was considered a short-term solution. The continuous pandemic has resulted in a work from home phenomenon. It is assumed that work from home can create substantial savings. The question is, therefore, whether work from home can reduce labour cost and be a cost saving tool for more efficient business. This paper analyzes the link between work from home and labour cost in 29 European countries. Analyzed data from Eurostat for the period 2019- 2021 suggest a strong link between work from home and labour cost regardless of the frequency of use (sometimes or usually). We can observe an increasing dependence of these two variables, which will be apparently reflected as a trend in the nearest future. Growing inputs in the form of an increase in the price of electricity and gas forces us to reconsider the strict functioning of the on site work.

  • Issue Year: VI/2022
  • Issue No: 2
  • Page Range: 6-21
  • Page Count: 16
  • Language: Slovak
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