Banner Blog

A single day of home working each week could save the average person £5.73 per day, between £22.92 and £28.65 each month, or a whopping £297.96 per year, when factoring in average commuting costs, a morning coffee, and lunch. But many organisations still haven’t had the chance to fully optimise a hybrid working model.

The data, which is listed below, shows the potential for hybrid working to take some of the sting out of the cost-of-living crisis. As businesses in every sector struggle to fill positions, hybrid working has become a HR must-have.

However, many businesses rushed into a hybrid working model during the 2020 lock down and are still yet to fully optimise and balance cost-saving home working days, with the social, collaborative and productivity benefits of working in an office, according to Banner.

Vivian Slater, Banner's Private Sector Managing Director, says, “Hybrid was forced onto many procurement, FM, and IT teams as a result of the pandemic, and many have struggled to come away from the coalface since that time and really optimise it. But, done properly, getting a mix of home and office-based working right has real potential to lessen the impact of the rising cost of living for employees while protecting their well-being. From a business leader’s perspective, that means higher productivity and better staff retention at a time when those things could not be more crucial."